Question

Samantha Rodriguez had gross earnings for the pay period ending 10/15/19 of $5,785. Her total gross earnings as of 9/30/19 were $116,700. Social Security taxes are 6.2% on a maximum earnings of $122,700 per year. The Social Security tax due by her employer from her 10/15/19 paychecks is:______

A. $372.00
B. $61.07
C. $358.67
D. $442.55

Answer 1

Social Security tax due = $358.67

so correct option is C. $358.67

Step-by-step explanation:

given data

gross earnings = $5,785

total gross earnings = $116,700

Social Security taxes = 6.2%

maximum earnings = $122,700 per year

to find out

Social Security tax due by her employer from her 10/15/19 paychecks

solution

we get here Social Security tax due by her employer that is express as

Social Security tax due = Social Security taxes × gross earnings ........1

put here value we get

Social Security tax due = 6.2 % × $5785

Social Security tax due = $358.67

so correct option is C. $358.67