contestada

Calculate the Social Security and Medicare tax that would be applied to an annual salary of $35,400,
a. Social Security tax: $2,194.80, Medicare tax: $513.30
b. Social Security tax: $21,948.00, Medicare tax: $5,133.00
C Social Security tax: $6,621.60, Medicare tax: $513.30
d. Social Security tax: $66,216.00, Medicare tax: $5,133.00

Respuesta :

Answer:

the answer is A)Social Security tax: $2,194.80, Medicare tax: $513.30

Step-by-step explanation:

abiolataiwo2015

The Social Security and Medicare tax that would be applied to an annual salary of $35,400 is: a. Social Security tax: $2,194.80, Medicare tax: $513.30.

Social Security tax and Medicare tax:

Social security tax rate is 6.2% of the annual salary while Medicare tax rate is 1.45% of the annual salary.

Hence:

Social security tax=6.2%×$35,400

Social security tax=$2,194.80

Medicare tax=1.45%×$35,400

Medicare tax=$513.30

Inconclusion the Social Security and Medicare tax that would be applied to an annual salary of $35,400 is: a. Social Security tax: $2,194.80, Medicare tax: $513.30.

Learn more about Social security and Medicare tax here:https://brainly.com/question/1899088

Otras preguntas