Worksheets2.4 Review
Total questions: 12
Worksheet time: 42mins
What percent of your earnings goes to Medicare?
1.45%
.0145%
6.2%
.062%
What percent of your earnings goes to Social Security?
1.45%
.0145%
6.2%
.062%
The Social Security deduction is withheld at a standard rate of 6.2%. Suppose your gross pay this week is $500. How much Social Security tax is withheld from your paycheck?
$469
$25
$31
$250
The Medicare deduction is withheld at a standard rate of 1.45%. Suppose your gross pay this week is $750. How much Medicare ta will be withheld from your paycheck?
$11.75
$690
$5.39
$10.88
EVERY taxpayer pays the same tax rate for Medicare, no matter how much you make.
True
False
Federal government program that supports health care for individuals over 65
Social Security
Salary
Medicare
Income Insurance
If gross inccome is $24,388, Social Security is 6.2%, and Medicare is 1.45%, what is the Social Security Tax due?
3,536
15,121
354
1,512
If gross inccome is $24,388, Social Security is 6.2%, and Medicare is 1.45%, what is the Medicare Tax due?
3,536
15,121
354
1,512
If gross inccome is $87,425, Social Security is 6.2%, and Medicare is 1.45%, what is the Social Security Tax due?
1,268
5,420
12,677
54,204
If gross inccome is $87,425, Social Security is 6.2%, and Medicare is 1.45%, what is the Medicare Tax due?
1,268
5,420
12,677
54,204
In 2010, Ali paid $4,960 in Social Security tax. If the Social Security tax rate was 6.2% to the maximum income of $106,800 that year, what was Yolanda’s taxable income?
(a)
