Question

Mr. Jones has 6 employees whose gross pay totals $3060. Assuming 7.05% social security withholding, how much total should he withhold from their checks for social security?

Answer 1

$215.73

Explanation:

Mr. Jones has 6 employees whose gross pay totals = $3060

Their social security withholding = 7.05%

Total withhold from their checks = 7.05% of $3060

=
`(7.05)/(100)` × 3060

= 0.0705 × 3060

= $215.73

Mr. Jones withhold $215.73 from their checks for social security.

Answer 2

Since we are already given with the total gross pay of the 6 employees, the amount that Mr. Jones should withhold from them for the social security tax that needs to pay will just be the product when $3,060 is multiplied by 7.05%. The answer should be $215.73.