what is the employers yearly contribution to the u.s. medicare tax on a salary of $65,000?\nfica taxes\n| |…

what is the employers yearly contribution to the u.s. medicare tax on a salary of $65,000?\nfica taxes\n| | social security | medicare |\n|--|--|--|\n| total due: | 12.40% | 2.90% |\n| employers responsibility | 6.20% | 1.45% |\n| employees responsibility | 6.20% | 1.45% |

what is the employers yearly contribution to the u.s. medicare tax on a salary of $65,000?\nfica taxes\n| | social security | medicare |\n|--|--|--|\n| total due: | 12.40% | 2.90% |\n| employers responsibility | 6.20% | 1.45% |\n| employees responsibility | 6.20% | 1.45% |

Answer

Explanation:

Step1: Identify the tax - rate

The employer's Medicare tax rate is 1.45% or 0.0145 in decimal form.

Step2: Calculate the contribution

Multiply the salary by the tax rate. The salary is $65000. So the contribution is $65000\times0.0145$. $65000\times0.0145 = 942.5$

Answer:

$942.5$