Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. What are the social security and Medicare withholdings (in $) for an executive whose annual gross earnings are $139,500? Social Security $_________ Medicare $__________
Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. What are the social security and Medicare withholdings (in $) for an executive whose annual gross earnings are $139,500? Social Security $_________ Medicare $__________
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 1ECP: You accept a job with an annual income of $58,400 . This includes your salary and a $1200 year-end...
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Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax.
What are the social security and Medicare withholdings (in $) for an executive whose annual gross earnings are $139,500?
Social Security $_________
Medicare $__________
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