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 Dan’s January paycheck?

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.

To calculate the combined withholdings for Social Security and Medicare for Dan's January paycheck, we need to find the amount withheld for each and then add them together.

Step 1: Calculate the amount withheld for Social Security.
Multiply Dan's gross earnings by the Social Security withholdings rate:
$9,850 x 6.2% = $610.70

Step 2: Calculate the amount withheld for Medicare.
Multiply Dan's gross earnings by the Medicare withholdings rate:
$9,850 x 1.45% = $142.93

Step 3: Add the amounts withheld for Social Security and Medicare together:
$610.70 + $142.93 = $753.63

Therefore, the combined withholdings for Social Security and Medicare for Dan's January paycheck are $753.63.

To calculate the combined withholdings for Social Security and Medicare for Dan's January paycheck, we need to first calculate the amounts withheld individually.

Step 1: Calculate the Social Security withholding.
Dan's gross earnings per month are $9,850.
Social Security withholding is 6.2% of the gross earnings.
So, the amount withheld for Social Security is:
($9,850 * 6.2%) = $610.70

Step 2: Calculate the Medicare withholding.
Dan's gross earnings per month are $9,850.
Medicare withholding is 1.45% of the gross earnings.
So, the amount withheld for Medicare is:
($9,850 * 1.45%) = $142.83

Step 3: Calculate the combined withholdings.
The combined Social Security and Medicare withholdings are the sum of the individual withholdings:
$610.70 + $142.83 = $753.53

Therefore, the combined withholdings for Social Security and Medicare for Dan's January paycheck are $753.53.