SOLUTION:
Your pay also includes a deduction for Medicare. The 2013 rate is 1.35% of your annual salary as $40,365. Do not use your taxable income as done in previous questions. If 1.35% o
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Your pay also includes a deduction for Medicare. The 2013 rate is 1.35% of your annual salary as $40,365. Do not use your taxable income as done in previous questions. If 1.35% o
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Question 1120372:
Your pay also includes a deduction for Medicare. The 2013 rate is 1.35% of your annual salary as $40,365. Do not use your taxable income as done in previous questions. If 1.35% of your earnings are deducted for Medicare, how much is deducted from your salary within one year? (Note: There is not a maximum contribution for Medicare.
Multiply times . Since the problem is stated with the salary given to the nearest dollar, you should round the answer to the nearest dollar. If your instructor meant for you to round to the nearest cent, then s/he should have stated the annual salary as
John
My calculator said it, I believe it, that settles it
