Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mary earned $49,258.75 for the past calendar year.

Mary earned $49,258.75 for the past calendar year. How much did she pay for the...

60.1K

Verified Solution

Question

Accounting

Mary earned $49,258.75 for the past calendar year. How much did she pay for the year in social security and Medicare taxes? (Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages.)

a. $3,462.29

b. $3,615.29

c. $3,768.29

d. $4,150.79

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If want to apply the scholarship at college, but I dont know to introduce about myself. Please...

Psychology
Q

Many opponents of free trade use the following example to illustrate its negative effects: Joe Smith...

Economics
Q

My professor says that through social media we should be able to make contact and speak...

General Management
Q

119 When a mercury thermometer is inserted in a pot of hot water and the...

Physics
Q

The displacement of a particle in simple harmonic motion in one time period is 1...

Physics
Q

y r 4r 3 to 8 7 6 5 4 3 2 Clear All Draw...

Geometry
Q

What is the value of cot 0 if the terminal side of angle 0 intersects...

Calculus
Q

i need help with comprehensive problem 3. pg 776-779 college accounting 1-27 21e It's a...

Accounting
Q

Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired...

Accounting
Q

James and Elizabeth are discussing misstatements one day during lunch at an audit client's office....

Accounting
Q

Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash...

Accounting
Q

The Bad News Bears (BNB) Company have had trouble collecting all of their accounts receivable...

Accounting