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Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%. How much will someone earning $23,000 a year pay towards social security out of their
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Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%. How much will someone earning $23,000 a year pay towards social security out of their gross wages?

User Plap
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1 Answer

4 votes

Answer:

a person earning 23000 a year pays 966 towards social security

Explanation:

23000 × 0.042 = 966

User Joshbillions
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