Mahmet Earned Wages of $128,700 During 2017

question 68

Multiple Choice

Mahmet earned wages of $128,700 during 2017.He is single and claims two withholding allowances.How much will Mahmet's employer withhold in Medicare taxes for the year?

• A)$1,721.15.
• B)$1,844.40.
• C)$1,866.15.
• D)$1,981.98.

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Definitions:

Marginal Utility

The added satisfaction a consumer gains from consuming an additional unit of a good or service.

Maximizing Utility

The economic principle that individuals seek to obtain the highest level of satisfaction or benefit from their actions and choices.

Ounce of Gold

A unit of measure for weighing gold, where one ounce is equivalent to approximately 28.35 grams.

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The seed of the coffee plant, used to produce the popular beverage coffee, following a process of drying, roasting, and grinding.