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How much is withheld for Medicare if someone makes 125 15.00 77.50 7.75 2/10 1.81

Problemas

How much is withheld for
Medicare if someone makes
 125
 15.00
 77.50
 7.75
2/10
 1.81

How much is withheld for Medicare if someone makes 125 15.00 77.50 7.75 2/10 1.81

Solución

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Carolinaélite · Tutor durante 8 años
expert verifiedVerificación de expertos
4.7 (181 votos)

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To calculate the amount withheld for Medicare, we need to know the Medicare tax rate. The Medicare tax rate is typically 1.45% for employees.<br /><br />Given that the income is $125, we can calculate the Medicare withholding as follows:<br /><br />Medicare withholding = Income * Medicare tax rate<br />Medicare withholding = $125 * 0.0145<br />Medicare withholding = $1.81<br /><br />Therefore, the amount withheld for Medicare if someone makes $125 is $1.81.
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