Paolo Is a Part-Time Security Guard for a Local Facility

question 21

Multiple Choice

Paolo is a part-time security guard for a local facility.He earned $298.50 during the most recent weekly pay period.He is married with four withholding allowances.What is his Medicare tax liability for the pay period?

• A) $43.23
• B) $10.54
• C) $8.65
• D) $4.33

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Definitions:

Opportunity Cost

The detriment of not pursuing the second-top option when engaging in decision-making.

Manufacturing

The process of using machines, tools, and labor to produce goods for use or sale.

Export

Goods or services sold by a country to buyers in another country.

Import

The process of importing products or services from foreign countries for the purpose of selling them domestically.