calculate the social security and medicare tax that would be applied to an annual salary of $125,000. use…
calculate the social security and medicare tax that would be applied to an annual salary of $125,000. use $106,800 for maximum taxable earnings. (soc sec 6.2%, taxed up to $106,800 and medicare 1.45%)\na. social security tax $77,500.00, medicare tax $18,125.00\nb. social security tax $7,750.00, medicare tax $1,812.50\nc. social security tax $66,216.00, medicare tax $18,125.00\nd. social security tax $6,621.60, medicare tax $1,812.50\nplease select the best answer from the choices provided
Answer
Explanation:
Step1: Calcular el impuesto de Seguridad Social
El impuesto de Seguridad Social se aplica al 6.2% hasta $106,800. Entonces, el impuesto de Seguridad Social es $106800\times0.062 = 6621.6$.
Step2: Calcular el impuesto de Medicare
El impuesto de Medicare se aplica al 1.45% del salario total de $125000$. Entonces, el impuesto de Medicare es $125000\times0.0145=1812.5$.
Answer:
D. Social Security tax $6,621.60, Medicare tax $1,812.50