Respuesta :
298 x 0.062 = the amount that is deducted
298 x 0.062 = 18.476
The total amount of money she has earned this year is given to you just to confuse you. All you really need is the percent converted to a decimal, which is 0.062, and her weekly pay, which is $298. You multiply these two together to get 18.476, which when rounded becomes $18.48.
So, every week, $18.48 is deducted from her weekly pay.
298 x 0.062 = 18.476
The total amount of money she has earned this year is given to you just to confuse you. All you really need is the percent converted to a decimal, which is 0.062, and her weekly pay, which is $298. You multiply these two together to get 18.476, which when rounded becomes $18.48.
So, every week, $18.48 is deducted from her weekly pay.
I believe we pay 6.2% social security tax and another 1.45% for medicare.
So you would pay approximately 18.48 for social security tax and another 4.32 for medicare each week. Provided the 298. is your gross income.
So you would pay approximately 18.48 for social security tax and another 4.32 for medicare each week. Provided the 298. is your gross income.
