Answer to Question #135125 in Financial Math for Dis

Question

Maria is a aerospace engineer. She ears 78,000 a year and is paid on a monthly basis. What is her total deduction from each check for social security and Medicare taxes?

Answer 1

Exempt from social security and health care taxes if she is a scientist or researcher who is temporarily in the United States on F - 1, J-1, M-1, or Q-1 status while she remains a non-resident for Federal income tax purposes.

If it is not exempt from taxes, the calculation is as follows:

$78000\times 0.0765=5967$