SOLUTION: A manager receives a monthly salary of $2900.00. Use the tax rates of 6.2% for social security and 1.45% for medicare. Find the social securty tax and the medicare tax to be deduct

SOLUTION: A manager receives a monthly salary of $2900.00. Use the tax rates of 6.2% for social security and 1.45% for medicare. Find the social securty tax and the medicare tax to be deduct

Algebra.Com

Question 170071: A manager receives a monthly salary of $2900.00. Use the tax rates of 6.2% for social security and 1.45% for medicare. Find the social securty tax and the medicare tax to be deducted from one month's paycheck
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
(.062+.0145)*2,900=.0765*2,900=$221.85 ans. for the amount deducted.
.062*2,900=$179.80 for SS.
.0145*2,900=$42.05 for Medicare.
RELATED QUESTIONS
Suppose you make $3000.00 per month. You pay a Social Security tax at a rate of 6.2% and... (answered by Theo)

Assume a tax rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare. No one... (answered by JulietG)

Marissa recently started working part time for a store that pays her $10.80 per hour. She (answered by Boreal)

2016 FICA Tax Rates1 Employee's Rates Matching Rates Paid by the Employer Self-Employed (answered by Theo)

2016 FICA Tax Rates1 Employee's Rates Matching Rates Paid by the Employer Self-Employed (answered by Theo)

Darrell owns a consulting business and has a estimated annual income of $63000.00. His... (answered by nerdybill)

For wages less than the maximum taxable wage base, Social Security contributions... (answered by psbhowmick)

For wages less than the maximum taxable wage base, Social Security contributions... (answered by Theo)

if you earned up to 5,000,000 in 2016 from an employer, your social security tax rate was (answered by Theo)