Question: Prior to the current period, Jamie Pratt, whose tax return filing status is single, had earnings subject to Medicare tax of $248,000. During the current
Prior to the current period, Jamie Pratt, whose tax return filing status is single, had earnings subject to Medicare tax of $248,000. During the current week, Jamie's employer will withhold has gross earnings of $3,700. Jamie owes $__________ in total Medicare tax.
Medicare is 1.45%
Once earners hit the earnings threshold, it is an additional .9% Medicare tax on all wages exceeding wage threshold.
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