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Original Question
What will be the total deduction for social security and Medicare taxes on Lily's next monthly paycheck of $3,260 if she has al...Asked by reva
What will be the total deduction for social security and Medicare taxes on Mary's next weekly paycheck of $1,780 if she has already earned $32,040 this year? Social security tax is 6.2% of wages up to $106,800. Medicare tax is 1.45% of all wages.
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Answered by
Ms. Sue
(1780 * 0.062) + (1780 * 0.0145) = ?