Math  /  Word Problems

QuestionCalculate Laura's annual Medicare tax withheld from her monthly salary of \$4,625 at a rate of 1.45\%. Choices: \$67.06, \$33.53, \$804.75, \$15.48.

Studdy Solution
Calculate the annual Medicare withholding.
AnnualMedicare=$67.06times12=$804.72Annual\, Medicare = \$67.06 \\times12 = \$804.72The annual amount withheld for Medicare is \$804.72.

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