BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
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Reginald Wallace’s gross weekly salary is $515. His weekly federal withholding is $55. The Social Security tax is 6.2% of his gross pay. The Medicare tax is 1.45% of his gross pay. The state tax is 3.3% of his gross pay. Each week he pays $12.40 for medical insurance. How much is deducted from Wallace’s weekly wages for state tax and Medicare tax?
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$17.67
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$12.22
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$24.46
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$16.19
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Explanation:
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