In 2017,each individual's required contribution to Medicare was ________ percent of all earnings.

Question

Quizplus · Accepted Answer

The required contribution to Medicare in 2017 was 1.45% of all earnings, which is equivalent to the Medicare tax rate for employees. The options A and C are not correct because they represent the Social Security tax rates for employees, not the Medicare tax rate. Option D represents the combined Social Security and Medicare tax rate for employees, which is 7.65%, not the Medicare tax rate alone.

In 2017,each Individual's Required Contribution to Medicare Was ________ Percent