Mathematics: NEED HELP WHAT IS THE ANSWER TO THIS QUESTION ? I REALLY BAD AT MATH

NEED HELP WHAT IS THE ANSWER TO THIS QUESTION ? I

paulesparsa6

11.04.2021

a. Social Security tax: $2,194.80,

Medicare tax: $513.30

Step-by-step explanation:

We are asked to calculate the Social Security and Medicare tax that would be applied to an annual salary of $35,400.

Since we know that current tax rate for social security and medicare are 6.2% and 1.45% respectively.

$\text{Social security tax}=\frac{6.2}{100}\times \$35,400$

$\text{Social security tax}=0.062\times \$35,400$

$\text{Social security tax}=\$2194.80$

Therefore, an amount of $2194.80 would be applied as social security tax.

$\text{Medicare tax}=\frac{1.45}{100}\times \$35,400$

$\text{Medicare tax}=0.0145\times \$35,400$

$\text{Medicare tax}=\$513.30$

Therefore, an amount of $513.30 would be applied as Medicare tax.

Upon looking at our given choices we can see that option a is the correct choice.

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