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
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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(12569) (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.
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