Calculate the social security and medicare tax that would be applied to an annual salary of $235,430. use $106,800 for maximum taxable earnings. a. social security tax: $1,459.67, medicare tax: $341.37 b. social security tax: $14,596.66, medicare tax: $3,413.70 c. social security tax: $662.16, medicare tax: $341.37 d. social security tax: $6,621.60, medicare tax: $3,413.70 select the best answer from the choices provided a b c d

Total Salary that is used for Social Security and Medicare tax = $ 235, 430

Maximum taxable earnings= $106,800

It means we have to divide $106,800 into two parts one is for Social Security and other is for Medicare tax.

→Social Security + Medicare tax ≤ $106,800

Starting from Option

a.  Social Security tax: $1,459.67, Medicare tax: $341.37

Total = $1459.67 + $ 341.37=$ 1801.04

Total tax paid Annually= $ 1801.04 × 12=$21612.48<$106,800

Can be considered as a correct Option.

b. Social Security tax: $14,596.66, Medicare tax: $3,413.70

Total Tax paid Monthly= $14,596.66+$3,413.70=  $18,010.36

Total tax paid Annually= $ 18,010.36 × 12=$216,124.32>$106,800

Incorrect Option

c. Social Security tax: $662.16, Medicare tax: $341.37

Total Tax paid Monthly=$662.16 +$341.37= $1003.53

Total tax paid Annually=$1003.53×12=$12042.36<$106,800

Can be considered as a Correct Option.

d. Social Security tax: $6,621.60, Medicare tax: $3,413.70

Total Tax paid Monthly=$6,621.60+$3,413.70= $10,035.30

Total tax paid Annually=$10,035.30×12=$120,423.60>$106,800

Incorrect Option

Option (a) and Option (c) satisfies the criteria of taxable income(Social Security and Medicare tax).

But Taxable income in case of Option (a) is larger in comparison with Option (c) as maximum taxable income is $106,800.

So, Option (a) is the best answer among all four options provided to calculate  Social Security and Medicare tax .

125 yards

step-by-step explanation:

i take 75 plus 50.