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(1.15 Calculate the medicare tax rate. - The medicare tax rate is the total gross pay times the medicare tax rate in the Model Assumptions
(1.15 Calculate the medicare tax rate. - The medicare tax rate is the total gross pay times the medicare tax rate in the Model Assumptions section. (1.16) Calculate the social security tax. - The social security tax is the total gross pay times the social security tax rate in the Model Assumptions section. (1.17) Calculate the total taxes. - The total taxes is the sum of the net federal income tax, the state income tax, the medicare tax, and social security tax. (1.15 Calculate the medicare tax rate. - The medicare tax rate is the total gross pay times the medicare tax rate in the Model Assumptions section. (1.16) Calculate the social security tax. - The social security tax is the total gross pay times the social security tax rate in the Model Assumptions section. (1.17) Calculate the total taxes. - The total taxes is the sum of the net federal income tax, the state income tax, the medicare tax, and social security tax
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