How much Medicare Tax would an individual working for a large corporation and making an annual salary of $67,800 pay?$578.90$1966.20$983.10$678.00
Question
Solution 1
The Medicare tax rate is currently 1.45% for an employee. To calculate how much an individual making $67,800 would pay in Medicare tax, you would:
Convert the Medicare tax rate from a percentage to a decimal by dividing 1.45 by 100. This gives you 0.0145.
Multiply the individual's annual sal Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
How much Medicare Tax would an individual working for a large corporation and making an annual salary of $67,800 pay?$578.90$1966.20$983.10$678.00
What Social Security Tax would a self-employed individual pay on an annual salary of $75,000?$4,650$11,475$7,500$10,000
What is the total annual salary of an employee earning $750.86 bi-weekly? (Based on twenty-six pay periods per year)
An individual's annual salary is herA) money.B) income.C) wealth.D) liabilities.
If Hillary earned $266 per week, and the tax rate is 15%, how much does Hillary pay in taxes each pay check if she got paid every week?