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Income You are starting your first job as an assistant manager at a
sporting goods store. You receive a base salary of $14.75 per hour with
time-and-a-half for hours in excess of 40 hours per week. You are paid
every two weeks. Social Security and Medicare are deducted from your
pay. Social Security tax is 6.2% of the gross pay. Medicare tax is 1.45% of
the gross pay. What is the bi-weekly (every two weeks) deduction for
Social Security and Medicare? *
O $118.00
O $76.50
$89.90
$90.27

Income You are starting your first job as an assistant manager at a sporting goods store You receive a base salary of 1475 per hour with timeandahalf for hours class=

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The bi-weekly deduction for Social Security and Medicare is $90.27.

Since you receive a base salary of $ 14.75 per hour with time-and-a-half for hours in excess of 40 hours per week, and you are paid every two weeks, and Social Security and Medicare are deducted from your pay, and Social Security tax is 6.2% of the gross pay, and Medicare tax is 1.45% of the gross pay, to determine what is the bi-weekly (every two weeks) deduction for Social Security and Medicare, the following calculation must be performed:

  • (14.75 x 40 x 2) x ((1.45 + 6.2) / 100) = X
  • 1180 x 0.0765 = X
  • 90.27 = X

Therefore, the bi-weekly deduction for Social Security and Medicare is $90.27.

Learn more about maths in https://brainly.com/question/25811665

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