Question

Calculate Lily's Medicare if her gross income is $865.00 and her Medicare 10 points

is calculated at 6%. *
LILY'S PAYSTUB
GROSS INCOME
$865.00
FEDERAL TAXES
$110.32
MEDICARE (6%)
-
SOCIAL SECURITY (1%)
NET INCOME

Answer 1

Explanation:

Gross salary = $865

Taxes imposed= $110.32

Medicare is 6%. so 6% of $865 is $51.9

and 1% social security is $8.65

so by subtracting values, the net income will be $694.13