Respuesta :
Given =
Marcus earned $54,000 last year. social s ecurity tax was 6.2% and medicare tax was 1.45%
Find out he pay in Social Security and Medicare taxes last year.
To proof
Marcus earned last year = $ 54000
Social Security tax = 6.2%
Medicare tax = 1.45%
First find out the social security tax
6.2 % written in the simpler form = [tex]\frac{6.2}{100}[/tex]
= 0.062
Social Security tax last year = .062×54000
= $ 3348
find out Medicare taxes
1.45% Medicare tax written in the simpler form = [tex]\frac{1.45}{100}[/tex]
= 0.0145
Medicare taxes last year = 0.0145 × 54000
= $743
Total tax last year = $743 + $3348
= $ 4131
Hence proved
Answer
Social security tax amount = $3348
Medicare tax amount = $743
Step by step explanation
The amount earned by Marcus = $54000
Social security tax = 6.2% = 6.2/100 = 0.062
Social security tax amount = 54000*0.062
Social security tax amount = $3348
Medicare tax = 1.45% = 1.45/100 = 0.0145
Medicare tax amount = 54000*0.0145
Medicare tax amount = $743
Hope this will help you.
