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Consumer Math

Find the amount of Social Security deducted: $37890 annually.

A- $2273.40

B- $2898.59

C- $728.65

D- 1234.15

User Quicoju
by
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1 Answer

5 votes

Answer:

Correct answer is B.

Explanation:

Amount deducted for social security = 6.2 % annually

Amount deducted for medicare tax = 1.45 % annually

Total deduction = 6.2 +1 .45 = 7.65 %

Tax on given amount = 7.65 * 37890 = 2898.59

Therefore amount deducted annually will be $2898.59/-

User Josep
by
6.1k points