below is your first paycheck and you need to understand all the deductions taken from your pay: federal…

below is your first paycheck and you need to understand all the deductions taken from your pay: federal income tax (the percentage is different for everyone. 8% or.08 is used for this assignment) state income tax (5% or.05) social security tax (6.2% or.062) medicare tax (1.45% or.0145) abq office supplies pays you $15.00 per hour, and you work 35 hours per week. you are paid biweekly (every other friday). complete the calculations below to see what your paycheck will look like. calculate the biweekly medicare tax:

below is your first paycheck and you need to understand all the deductions taken from your pay: federal income tax (the percentage is different for everyone. 8% or.08 is used for this assignment) state income tax (5% or.05) social security tax (6.2% or.062) medicare tax (1.45% or.0145) abq office supplies pays you $15.00 per hour, and you work 35 hours per week. you are paid biweekly (every other friday). complete the calculations below to see what your paycheck will look like. calculate the biweekly medicare tax:

Answer

Explanation:

Step1: Calculate weekly pay

You work 35 hours per week and are paid $15.00 per hour. So the weekly pay is $15\times35 = 525$ dollars.

Step2: Calculate bi - weekly pay

Since you are paid bi - weekly (every two weeks), the bi - weekly pay is $525\times2=1050$ dollars.

Step3: Calculate bi - weekly Medicare tax

The Medicare tax rate is 1.45% or 0.0145. Multiply the bi - weekly pay by the Medicare tax rate. So the bi - weekly Medicare tax is $1050\times0.0145 = 15.225$ dollars.

Answer:

$15.23$ (rounded to the nearest cent)