Marcus earned $54,000 last year when the Social Security tax was 6.2% of income up to $94,200. His Medicare tax was 1.45%. How much did he pay in Social Security and Medicare taxes last year?
What will be an ideal response?
$4,131; 54,000(0.062 + 0.0145) = $4,131
Mathematics
You might also like to view...
Use a calculator to find the function value to four decimal places.cot (-659°)
A. -0.0175 B. 0.6009 C. 1.8041 D. 0.5543
Mathematics
Solve the investment problem.Mardi received an inheritance of $70,000. She invested part at 11% and deposited the remainder in tax-free bonds at 10%. Her total annual income from the investments was $7400. Find the amount invested at 11%.
A. $62,600 B. $20,000 C. $39,000 D. $40,000
Mathematics
Use the following approximations to find the approximate value of the logarithmic expression: 
logb40
A. 13 B. 40 C. 0.63 D. 1.6
Mathematics
Use the product-to-sum formulas to rewrite the product as a sum or difference.
?
?
A. ?
B. ?
C. ?
D. ?
E. ?
Mathematics