00:01
So in this question, we want to find which answer is correct.
00:05
So let's go ahead and do that.
00:06
So we have two employees.
00:09
The first one earns $195 ,000.
00:17
And let's go ahead and calculate their taxes.
00:21
So social security, that's going to be 6 .2%.
00:29
So 6 .2 % times 142.
00:40
800 because that is the limit and this gives us an answer of 8 ,853 .6.
01:03
Now for the next tax we have our med and that is 1 .455 % of so the total taxes for this person would be you add the social security and the med, then you get 11 ,681 .10.
01:45
Now for the second person, they earn 75 ,000.
01:55
Okay, so for this person, let's go ahead and calculate the same taxes...