below is your first paycheck and you need to understand all the deductions taken from your pay.\nfederal…

below is your first paycheck and you need to understand all the deductions taken from your pay.\nfederal income tax (the percentage is different for everyone. 8% or 0% is used for this assignment)\nstate income tax (5% or 05)\nsocial security tax (6.2% or 0.062)\nmedicare tax (1.45% or 0.0145)\nat q office supplies pays you $15.00 per hour, and you work 35 hours per week.\nyou are paid bi - weekly (every other friday). complete the calculations below to see what your paycheck will look like.\ncalculate the bi - weekly social security tax:
Answer
Explanation:
Step1: Calculate weekly earnings
You work 35 hours per week and are paid $15.00 per hour. So weekly earnings = $15\times35 = 525$.
Step2: Calculate bi - weekly earnings
Since you are paid bi - weekly (every two weeks), bi - weekly earnings = $525\times2=1050$.
Step3: Calculate Social Security Tax
The Social Security Tax rate is 6.2%. So the Social Security Tax amount = $1050\times0.062 = 65.1$.
Answer:
$65.1$