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8. Shelly Kugo is paid monthly. Her gross pay this month is $6,223. Her

earnings to date for this year are $23,631. How much is deducted from her

paycheck this month for Social Security For Medicare?

Respuesta :

Parrain

Shelly Kugo's deductions will be:

  • $385.83 for Social security
  • $90.23 for Medicare

The Social Security deduction is 6.2% for the first $142,800 a person makes in a year which means that Shelly is still liable to pay the 6.2% as she has not reached the salary threshold.

Social security tax for the month is:

= Social security rate x Monthly salary

= 6.2% x 6,223

= $385.83

Medicare tax is 1.45% of a person's salary:

= 1.45% x 6,223

= $90.23

In conclusion, $385.83 will be deducted for Social Security and $90.23 will be deducted for Medicare.

Find out more at https://brainly.com/question/14495839.

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