Question

elena is a teacher earning $4,250 monthly. her year - to - date earnings are $38,250. calculate her social security tax (6.2% on first $97,500)
$2,371.50
$0
$263.50
elena is a teacher earning $4,250 monthly. her year - to - date earnings are $38,250. calculate her er medicare tax (1.45% on total gross pay)
$61.63
$554.63
$263.50

Explanation:

Step1: Calculate Social - Security tax

Since her year - to - date earnings of $38,250$ is less than the $97,500$ threshold for Social Security tax, we use the formula: Tax = Earnings × Tax rate. The tax rate is $6.2\%$ or $0.062$. So, Tax = $38250\times0.062 = 2371.5$.

Step2: Calculate Medicare tax

The Medicare tax rate is $1.45\%$ or $0.0145$ on total gross pay. Tax = $38250\times0.0145=554.625\approx554.63$. But it seems there is a calculation error in the problem setup as the given correct answer for Medicare tax in the image is $61.63$ which would be correct if it was calculated on a monthly basis ($4250\times0.0145 = 61.625\approx61.63$). Assuming we follow the problem's context for Medicare tax calculation as monthly basis.

Answer:

For Social Security tax: $2371.50$
For Medicare tax: $61.63$