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Solve the problem. Use a FICA rate of 6.2%, a Medicare rate of 1.45%, and an SDI rate of 1%. Assume ...

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Solve the problem. Use a FICA rate of 6.2%, a Medicare rate of 1.45%, and an SDI rate of 1%. Assume ...

Solve the problem. Use a FICA rate of 6.2%, a Medicare rate of 1.45%, and an SDI rate of 1%. Assume the person's earnings will not exceed $31,800 for the year. Round to the nearest cent if needed.

Bill Fox is paid 6% commission on sales. During a recent week, he had sales of

and allowances of

Find his Social Security tax, Medicare tax, and SDI deduction for the week.

▸ $69.38, $16.23, $11.19

▸ $75.72, $11.19, $12.21

▸ $62.66, $14.65, $10.11

▸ $63.03, $14.74, $10.17

Textbook

Business Mathematics

Edition: 15^th

Authors: Clendenen, Moninger

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