Question

Martha earned a gross pay of $1,215.60 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amount of Social security tax deducted from Martha’s gross pay. a. $7.54 b. $65.37 c. $75.37 d. $75.40 Please select the best answer from the choices provided

Answer 1

It would be C.

Explanation:

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Answer 2

c. $75.37

Explanation:

Gross pay of Martha = $ 1,215.60

Percentage of Social Security Tax = 6.2%

In order to find the amount of Social Security Tax we need to find out what is 6.2% of $ 1,215.60

6.2% in decimal form will be 0.062

So,

6.2% of $ 1,215.60 = 0.062 x 1,215.60

= $ 75.37

This means, the amount of Social Security Tax is $ 75.37. Therefore, option C gives the correct answer.