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Matthew works at The Cookie Company and earned $295.32 in gross income. His total withholdings was 23%. How much was withheld from his paycheck? *


Please answer quickly, will give brainliest!

Respuesta :

makaylawilliams36

Answer:

Explanation:

The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total. Combined, the FICA tax rate is 15.3% of the employees wages.
Answer: $67.92. Reason: 295.32 x .23 = 67.92

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