To determine the employer's yearly contribution to the U.S. Medicare tax on a salary of \[tex]$65,000, we need to follow these steps:
1. Identify the employer's responsibility for the Medicare tax rate. According to the provided information:
- The employer's responsibility for Medicare is \(1.45\%\).
2. Convert the percentage to a decimal form to use it in calculations.
\[
1.45\% = \frac{1.45}{100} = 0.0145
\]
3. Calculate the employer's yearly contribution by multiplying the salary by the Medicare tax rate. Using the salary of \$[/tex]65,000:
[tex]\[
\text{Employer's yearly contribution} = 65000 \times 0.0145
\][/tex]
4. Perform the multiplication to find the contribution.
[tex]\[
65000 \times 0.0145 = 942.4999999999999
\][/tex]
Thus, the employer's yearly contribution to the U.S. Medicare tax on a salary of \[tex]$65,000 is approximately \$[/tex]942.50.
