Answer :
Answer:
$9,180 should be deducted by Gomez as payment for Medicare and Social Security taxes.
Explanation:
Calculate the employee social security tax:
The rate as at 2019 for computing social security tax is 6.2%
Therefore, amount deducted as social security= 6.2% of gross salary
Given the gross salary= $120, 000
Amount deducted= [tex]\frac{6.2}{100}[/tex] [tex]x 120,000[/tex]
= $7,440.
Calculate the amount deducted as Medicare tax:
The rate for Medicare tax is 1.45% of the gross
Amount deducted = [tex]\frac{1.45}{100}x120,000[/tex]
=$1,740
Now we sum up the deductions as a result of Medicare and Social security:
Total deductions made= $7,440+$ 1,740= $9,180