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Mmoya305go
Answered

Lily's gross pay is $350.00 per pay period. The Medicare tax rate is 1.45%. How much Medicare tax does Lily Ipay per pay period?

$5.08
$15.08
$21.70
$4.20​

Answer :

Mhanifago

Answer:

  • A. $5.08

Step-by-step explanation:

Given

  • Gross pay = $350
  • Medicare tax rate = 1.45%

The amount of tax:

  • 350*1.45/100 = 5.075 ≈ 5.08
ItzMeÆXOgo

Answer:

$ 15.08

Step-by-step explanation:

Payment = 1.45% × $ 350.00

Payment = 0.0145 × $ 350.00

Payment = $ 15.075

Payment ~ $ 15.08

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