2hgftf2u5x
Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

WILL GIVE BRAINLIEST ANSWER!

If your FICA tax rate is 7.65% and your Social Security rate is 6.2%, then what is the
Medicare tax rate?

Sagot :

Samawati

Answer:

1.45%

Explanation:

FICA tax is composed of Social security tax and medicare tax.

Therefore, FICA  = social security + medicare

FICA = 7.65%, and social security = 6.2%

7.65% = 6.2% + medicare

Medicare = 7.65% - 6.2%

Medicare = 1.45%

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.