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26 January, 11:17

All employers in the U. S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?

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  1. 26 January, 12:48
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    Answer: $6.96

    Explanation:

    Weekly earning = $480

    Medicare tax rate = 1.45%

    1.45% = (1.45/100) = 0.0145

    Medicare contribution = Medicare tax rate * weekly earning

    Medicare contribution = 0.0145 * $480 Medicare contribution = $6.96

    The employees weekly contribution that is apportioned for Medicare is $6.96
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