Question

sheena suh is paid an 8% commission on sales. during her last pay period she had sales of $19,606 and returns and allowances of $302. find the amounts of her deductions for social security (fica) at 6.2%, for medicare at 1.45%, and for state disability insurance (sdi) at 1%. at the end of this pay period sheena will still be below the fica and sdi maxima.

on what amount of money will sheena pay the various taxes? $ 1544.32

what is sheena’s social security deduction? $ 95.75 (round to the nearest cent )

what is sheena’s medicare deduction? $\square$ (round to the nearest cent. )

Explanation:

Step1: Identify the taxable amount

The amount on which taxes are paid is given as $1544.32.

Step2: Calculate Medicare deduction

Medicare deduction is 1.45% of the taxable amount. So, we calculate \( 1544.32 \times 0.0145 \).
\[
1544.32 \times 0.0145 = 22.39264
\]

Step3: Round to the nearest cent

Rounding 22.39264 to the nearest cent gives $22.39.

Answer:

\( \$22.39 \)