BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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?
A
$17.67
B
$12.22
C
$24.46
D
$16.19
Explanation: 
There is 1 question to complete.