Question

HELP PLEASEEE!!!

Vince gross monthly pay is 2,150 (use this for 1-3)
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(1) Vince pays 2.1% of his monthly salary for Medicare. How much does he pay each month?
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(2) Vince pays 11.5% of his monthly pay in federal withholding. How much does he pay each month? -
(3) Vince pays 6% of his monthly salary for social security. How much does he pay each month?

Answer 1

Answer: The correct answers are $45.15, $247.25 and $129

Explanation:

In order to solve the problems you need to multiply each percentage by his gross monthly pay.

$2,150 x .021 = $45.15

$2,150 x .115 = $247.25

$2,150 x .06 = $129