Question

For each of the following wages, determine the Medicare tax that would be withheld.
i. $23,660
ii. $89,000
iii. $166,090
a.
i. $343.07
ii. $1,290.50
iii. $2,408.31
b.
i. $3,430.70
ii. $12,905.00
iii. $24,083.05
c.
i. $146.70
ii. $551.80
iii. $1,029.76
d.
i. $1,466.92
ii. $5,518.00
iii. $10,297.58


Please select the best answer from the choices provided

A
B
C
D

Answer 1

A

(Each amount = wages × 1.45% Medicare tax: 23,660×0.0145=343.07; 89,000×0.0145=1,290.50; 166,090×0.0145=2,408.31.)