Question 102 • ****Spring 2026 Financial Math - MA2007 MQS21QXV
Add the federal tax, Social Security tax, Medicare tax, and state tax. Social Security is 6.2% of $754.80, or about $46.80, and Medicare is 1.45% of $754.80, or about $10.94. The state tax is 18% of the $31 federal tax, which is $5.58. Altogether, $31 + $46.80 + $10.94 + $5.58 = $94.32, so the correct choice is $94.32.
AI-written and checked against the verified answer.