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Jeffrey earns a gross semimonthly salary of $2181.80.

What is the total of his Social Security deductions for the year?

$759.27
$3246.52
$8445.68
$36,112.55

User Slow Harry
by
8.4k points

2 Answers

5 votes

Final answer:

To calculate Jeffrey's total Social Security deductions for the year, we multiply his semimonthly salary by the number of semimonths in a year and then calculate the Social Security deduction, which is 6.2% of the gross annual salary. The total of his Social Security deductions for the year is $3,246.52.

Step-by-step explanation:

To calculate the total Social Security deductions for the year, we need to first calculate the gross annual salary. A semimonthly salary means that Jeffrey earns his salary twice a month. So, to get the annual salary, we multiply the semimonthly salary by the number of semimonths in a year: $2181.80 × 24 = $52,363.20.

Next, we calculate the Social Security deduction, which is 6.2% of the gross annual salary: 6.2% × $52,363.20 = $3,246.52.

Therefore, the total of Jeffrey's Social Security deductions for the year is $3,246.52.

User Aen
by
8.1k points
4 votes

Answer:

$3246.48

Step-by-step explanation:



User Alex Barker
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7.4k points