Top Posters
Since Sunday
21
o
6
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
C
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
psintusaichol psintusaichol
wrote...
Go to Answer
Posts: 64
Rep: 0 0
2 weeks ago
Social Security and Medicare

The required deduction for Social Security is 6.2% OASDI (Old Age Survivors and Disability Insurance) of wages earned, to a maximum of $97,500 and 1.45% HI (Hospital Insurance, commonly known as "Medicare") for all earnings.


Refer to the Social Security and Medicare information. Compute the deduction for Social Security and Medicare during the period of a year assuming a person earns $112,000.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
Read 3 times
1 Reply
Replies
Answer verified by a subject expert
kpot15kpot15
wrote...
#1
Posts: 67
Rep: 1 0
2 weeks ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$7,669     (0.062 ´ 97,500 = 6,045) + (0.0145 ´ 112,000 = 1,624)
1

Related Topics

psintusaichol Author
wrote...

2 weeks ago
Thanks
Smair87
wrote...

Yesterday
Thank you, thank you, thank you!
Mkersey12
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  241 People Browsing
 321 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 196
  
 108
  
 115
Your Opinion
What's your favorite coffee beverage?
Votes: 257
Previous poll results: Which 'study break' activity do you find most distracting?