Question

If you earned up to $113,700 in 2013 from an employer, your social security tax rate was 6.2% of your income. If

you earned over $113,700, you paid a fixed amount of $7,049.40.
b. How much social security tax would someone who made $50,000 owe?

Answer 1

$3100

Explanation:

We are given that

If you earned upto $113,700 in 2013 from an employer then your security tax=6.2% of income

If you earned over $113,700 then, you paid amount of tax=$7049.40

We have to find the social security tax when you would made $50000.

Let x be the income and f(x) be the amount of tax.

`f(x)=\left\{\begin{matrix}0.062x&,if\ \ 0<x\leq113700 \\ 7&,if\ \ 113700<x\end{matrix}\right.`

Substitute the values then we get

`f(50000)=0.062 (50000)=`$3100

When the income of someone is $50000 then you paid the security tax $3100.