5. caleb: gross weekly pay $1,900. earning to date: $91,200. what is his social security, medicare taxes…
5. caleb: gross weekly pay $1,900. earning to date: $91,200. what is his social security, medicare taxes withholding for his current paycheck?\n6. nate: gross semi - monthly pay $5,136.98. earning to date: $102,739.60. what is his social security, medicare taxes and total withholding for his current paycheck?\n7. connor got deducted $38.05 from his weekly pay for group health insurance. his employer pays 65% of the cost. what is his annual health insurance premium?
Answer
Explanation:
Step1: Find the employee - paid percentage
The employee pays (100% - 65%=35%) of the health - insurance cost.
Step2: Calculate the weekly health - insurance cost
If (35%) of the weekly health - insurance cost is ($38.05), let the weekly cost be (x). Then (0.35x = 38.05), so (x=\frac{38.05}{0.35}=$108.714\approx$108.71).
Step3: Calculate the annual health - insurance cost
There are 52 weeks in a year. So the annual health - insurance cost is (108.71\times52=$5652.92).
Answer:
($5652.92)