Math

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Dan Dietrich is an executive with Coronado Distributors. His gross earnings are \$9,850 per month. Assume the government withholds 6.2% for Social Security and 1.45% for Medicare. What are the combined withholdings for Social Security and Medicare for Danâ€™s January paycheck?

• Math -

Take 9,850 and multiply it by 6.2% you will get 610.70. then multiply 9,850 by 1.45% you will get 142.825. Add together the 610.60 + 142.825= 753.53 is the total that is withheld from Dans check.

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