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\n\nplease select the best answer from the choices provided

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\n\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% sobre los ingresos gravables hasta $106,800. Entonces, $106800\times0.062 = 6621.6$ dólares.

Step2: Calcular el impuesto de Medicare

El impuesto de Medicare se aplica al 1.45% sobre el salario total de $125000$. Entonces, $125000\times0.0145=1812.5$ dólares.

Answer:

D. Social Security tax: $6,621.60, Medicare tax: $1,812.50