Malelle0yshellend Malelle0yshellend

27-09-2016
Mathematics

contestada

calculate the social security and medicare tax that would be applied to an annual salary of $125,000. use $106,800 for maximum taxable earnings.

Respuesta :

nobillionaireNobley nobillionaireNobley

07-10-2016

Social security tax is 12.4% of maximum taxable earnings = 0.124 x 106,800 = $13,243.20

Medicare tax = 2.9% of earned income = 0.029 x 125,000 = $36,250

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magickalrainfall magickalrainfall

08-12-2020

Answer:

The answer is D on Edge

Step-by-step explanation:

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