Asked by Baddie Curtis Brown on May 22, 2024
Verified
Refer to the Social Security and Medicare information. Dale Webb earns a monthly salary of $9,000. Compute the amount deducted for Social Security and Medicare from Webb's November paycheck.
OASDI
The Old-Age, Survivors, and Disability Insurance program, which is the official name for Social Security in the United States, providing benefits for eligible retirees, disabled individuals, and their families.
Hospital Insurance
Coverage that pays for hospitalization expenses either partially or in full, typically part of health insurance.
- Gain an understanding of the process for calculating deductions for Social Security and Medicare from wages earned.
Verified Answer
SI
Syafiqah IzuantiMay 23, 2024
Final Answer :
$595.50 (97,500 90,000 = 7,500; 7,500 0.062 = 465) + (9,000 0.0145 = 130.50)
Learning Objectives
- Gain an understanding of the process for calculating deductions for Social Security and Medicare from wages earned.