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Carolyne Is Paid $1,000

Question 25

Multiple Choice

Carolyne is paid $1,000.00 biweekly. This year, to date, she has earned $25,300.00. What will be the total deduction for Social Security and Medicare taxes on her next paycheck? (Social Security tax is 6.2% of gross wages up to $128,400. Medicare tax is 1.45% of all gross wages.)


A) $155.80
B) $94.60
C) $76.50
D) $213.05

Correct Answer:

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