Answered

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Medicare tax takes a percentage from which of the following?

A. Gross wages
B. Net wages
C. Property wages

Sagot :

GinnyAnswer

Final answer:

Medicare tax is deducted from gross wages as a percentage, along with other payroll taxes.


Explanation:

Medicare tax is deducted as a percentage from gross wages.

It is important to note that Medicare tax takes 1.45% of the gross annual income, which is part of the payroll taxes that also include Social Security deductions and federal/state taxes.

These taxes are proportional up to a certain income level before potentially becoming regressive for higher earners, affecting how much individuals contribute based on their wages.


Learn more about Medicare tax deductions here:

https://brainly.com/question/43495860


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