Question

Julia earned $2,000 during the month of September. Use the paycheck statement to find the missing amounts and percent rates of the taxes Julia paid. I WILL MARK BRAINLIEST. only want answers

Answer 1

Julia paid $124 to social security as a payroll tax, $29 in Medicare as a payroll tax, 13% of her income to the federal government as an income tax, and 6% of her income to state government as an income tax.

What is the income tax rate?

It is defined as the tax rate applied on the solely earned money by a single entity.

Julia paid to social security as a payroll tax = 6.2% of 2000

= (6.2×2000)/100

= $124

Julia paid to Medicare as a payroll tax = 1.45% of 2000

= (1.45×2000)/100

= $29

Julia paid a percent of her income to the federal government as an income tax:

= (260/2000)×100

= 13%

Julia paid a percent of her income to state government as an income tax:

= (120/2000)×100

= 6%

Thus, Julia paid $124 to social security as a payroll tax, $29 in Medicare as a payroll tax, 13% of her income to the federal government as an income tax, and 6% of her income to state government as an income tax.

Learn more about the income tax here:

brainly.com/question/17075354

#SPJ1