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7. Ernesto works as a fireman in Green Valley where the SSI tax rate is 6.2% and the Medicare rate
is 1.45%. He made $48,000 for the year 2020. What did he pay for Medicare? *

a)$2976
b) $696
c) $3674.88
d) $6960


Sagot :

Answer:

Step-by-step explanation:

The answer is b. The Medicare rate is 1.45% which = .0145. Multiply this by 48,000 to get the answer

48000 x .0145 = 696

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