Question

Daniel's gross weekly pay is $882.96. When he gets his first paycheck, Daniel notices that payroll taxes have already been deducted from his pay. Payroll taxes include Social Security tax and Medicare tax.
Use the table to complete the statement.

Select the correct answer from each drop-down menu.

Payroll Tax Rates
Social Security tax rate 6.20%
Medicare tax rate 1.45%
Total payroll taxes 7.65%

Based on the payroll tax rate table, in every weekly paycheck Daniel will pay___1___in social Security tax and___2__in Medicare tax.

1)
A$53.75
B$54.74
C$56.76

2)
A$10.70
B$11.60
C$12.80

Answer 1

Answer: 1) $54.74

2) $12.80

Step-by-step explanation:

Answer 2

Based on the payroll tax rate table, in every weekly paycheck, Daniel will pay $54.74 in Social Security tax and $12.80 in Medicare tax.

Social Security tax rate 6.20%

6.20% of $882.96 = $54.74

Medicare tax rate 1.45%

1.45% of $882.96 = $12.80

Payroll taxes

Payroll taxes are taxes imposed on employers or employees and are usually calculated as a percentage of the salaries that employers pay their employees.

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