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?

Answer

Social security tax amount = $3348

Medicare tax amount = $743

Step by step explanation

The amount earned by Marcus = $54000

Social security tax = 6.2% = 6.2/100 = 0.062

Social security tax amount = 54000*0.062

Social security tax amount = $3348

Medicare tax = 1.45% = 1.45/100 = 0.0145

Medicare tax amount = 54000*0.0145

Medicare tax amount = $743

Hope this will help you.

Given =

Marcus earned $54,000 last year. social s ecurity tax was 6.2% and medicare tax was 1.45%

Find out  he pay in Social Security and Medicare taxes last year.

To proof

Marcus earned last year = $ 54000

Social Security tax = 6.2%

Medicare tax = 1.45%

First find out the  social security tax

6.2 % written in the simpler form =

                                                       = 0.062

Social Security tax last year = .062×54000

                                              = $ 3348

find out Medicare taxes

1.45% Medicare tax written in the simpler form =

                                                                             = 0.0145

Medicare taxes last year = 0.0145 × 54000

                                        = $743

Total tax  last year  = $743 + $3348

                                = $ 4131

Hence proved

x -

median = 1.25

range = 12-14.5

interquartile = q12-q14.5

y -

median = 1

range = 15-17

interquartile = q15-q17

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3