Ramesh has cumulated earnings of 110,100 this week Ranesha is paid $2,000 assuming the social...

70.2K

Verified Solution

Question

Accounting

Ramesh has cumulated earnings of 110,100 this week Ranesha is paid $2,000 assuming the social security rate of 6.2% on 142,800 and 1.45% for Medicare, what is the amount of Social Security and Medicare taken out of Ranesha earnings

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students