Answer:
Computation of each tax and the total deduction:
Gross Soc. Sec. Tax Medicare Total
Tax Deduction
a. $ 125.00 $7.75 $1.81 $9.56
b. 432.00 26.78 6.26 33.04
c. 241.00 14.94 3.49 18.43
d. 1,562.00 96.84 22.65 119.49
e. 2,521.00 156.30 36.55 192.85
Step-by-step explanation:
a) Data and Calculations:
Social Security tax rate = 6.2%
Medicare tax rate = 1.45%
Computation of each tax and the total deduction:
Gross Soc. Sec. Tax Medicare Total Pay
Tax Deduction
a. $ 125.00 $7.75 $1.81 $9.56 $115.44
b. 432.00 26.78 6.26 33.04 398.96
c. 241.00 14.94 3.49 18.43 222.57
d. 1,562.00 96.84 22.65 119.49 1,442.51
e. 2,521.00 156.30 36.55 192.85 2,328.15
Total $4,881.00 302.61 70.76 373.37 4,507.63
