Answer: $8.35
Step-by-step explanation:
Given: The amount as gross pay= $576.00
The rate of Medicare tax =1.45% = 0.0145
Now, to calculate the medicare tax we need to multiply the rate of Medicare tax with the gross pay , we get
[tex]\text{Medicare tax=0.0145*Gross Pay}\\\\\Rightarrow\ \text{Medicare tax}=0.0145\times576.00\\\\\Rightarrow\ \text{Medicare tax}=\$8.352\approx\$8.35[/tex]
