Marika perez’s gross biweekly pay is $2,768. her earnings to date for the year total $80,272. what amount is deducted from her pay for social security taxes if the rate is 6.2%? what amount is deducted for medicare, which is taxed at 1.45%?

Deduction for social Security tax is $ 4976.864  and deduction for Medicare tax is  $ 1163.944 .

Step-by-step explanation:

As given

Marika Perez’s gross biweekly pay is $2,768.

Her earnings to date for the year total $80,272.

Social Security taxes if the rate is 6.2% .

6.2% is written in the decimal form

= 0.062

Social Security taxes = 0.062 × Gross pay

                                    = 0.062 × 80272

                                    = $ 4976.864

As given

Amount is deducted for Medicare is 1.45% .

1.45% is written in the form of decimal

= 0.0145

Medicare tax = 0.0145 × Gross pay

                      = 0.0145 × 80272

                      = $ 1163.944

Therefore the deduction for social Security tax is $ 4976.864 and deduction for Medicare tax is  $ 1163.944 .

square root

step-by-step explanation: