Question

payroll taxes are 6.2%, and medicare taxes are 2.9%. if your employer owes you $850, how much will you get after these deductions?

Answer 1

Answer:$772.65

Step-by-step explanation:

Payroll tax: 6.2% of the total amount.

$850 × 0.062 = $52.70 (amount deducted for payroll tax)

Medicare tax: 2.9% of the total amount.

$850 ×0.029 = $24.65 (amount deducted for Medicare tax)



Answer 2

772.65

850 - % of Payroll Taxes + % of Medicare taxes = The leftover after deductions.