Angie earned $129,200 during 2017.She is single,claims two withholding allowances,and is paid monthly.How much will Angie's employer withhold in Medicare taxes for 2017?

A) $1,873.40.
B) $1,844.40.
C) $1,841.50.
D) $1,718.25.

Question

Jasmin Rodriguez · Accepted Answer

Final Answer : A, Explanation :  Medicare tax is calculated at a rate of 1.45% on all earnings. For Angie, 1.45% of $129,200 is $1,873.40.

Angie earned $129,200 during 2017.She is single,claims two withholding allowances,and is paid monthly.How much will Angie's employer withhold in Medicare taxes for 2017?

A) $1,873.40.
B) $1,844.40.
C) $1,841.50.
D) $1,718.25.

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Learning Objectives

Related questions

Angie earned $129,200 during 2017.She is single,claims two withholding allowances,and is paid monthly.How much will Angie's employer withhold in Medicare taxes for 2017?A) $1,873.40.B) $1,844.40.C) $1,841.50.D) $1,718.25.

Definitions

Learning Objectives

Learning Objectives

Related questions

Angie earned $129,200 during 2017.She is single,claims two withholding allowances,and is paid monthly.How much will Angie's employer withhold in Medicare taxes for 2017?

A) $1,873.40.
B) $1,844.40.
C) $1,841.50.
D) $1,718.25.