natasha's gross pay is $3488 how much of her gross pay will be deducted for fica taxes? (the social security tax is 6.2% of gross ay. the medicare tax is 1.45% of gross pay)
A)$50.58
B)$162.34
C)$216.26
D)$266.83

Respuesta :

The answer would be to take 3488 and multiply by .765 because of taxes and your answer is D.

Answer:

The fica tax deducted from Natasha gross pay be $266.83 .

Option (D) is correct .

Step-by-step explanation:

As given

Natasha's gross pay is $3488.

The social security tax is 6.2% of gross pay .

6.2% is written in the decimal form .

[tex]= \frac{6.2}{100}[/tex]

= 0.062

Social Security tax = 0.062 × Gross pay

                               = 0.062 × 3488

                               = $ 216.256

As given

The medicare tax is 1.45% of gross pay .

1.45% is written in the decimal form .

[tex]= \frac{1.45}{100}[/tex]

= 0.0145

Medicure tax = 0.0145 × Gross pay

                      = 0.0145 × 3488

                      = $ 50.576 (Approx)

Thus

Gross pay deducted for fica tax = Social Security tax + Medicure tax

                                                       = $216.256 + $50.576

                                                       = $ 266.832

                                                       = $ 266.83 (Approx)

Therefore the fica tax deducted from Natasha gross pay be $266.83 .

Option (D) is correct .