14.0k views
3 votes
Kate Alexander worked 40 hours last week. Her pay rate is $8.50 per hour. Assuming 7.65% social security withholding, how much should her employer withhold from her check for social security?

2 Answers

2 votes
This is just basic math. If she works 40 hours and earns $8.50 per hour then she earns (40 x $8.50) and you then need to take 7.65 percent of that.
User Andrew Savetchuk
by
8.1k points
5 votes

Answer: Hello there!

We know that Alexander worked 40 hours last week.

We also know that she wins $8.50 per hour, then in the last week he earns

40*$8.50 = $340

We know that there is a 7.65% social security withholding (which means that 7.65% of the total amount is "retained" and used in something else), so we need to obtain the 7.65% of $340

This is obtained as the percent, divided by 100% and multiplied by the number in question:

(7.65%/100%)*$340 = 0.0765*$340 = $26.01

So her employer needs to withhold $26.01 from her social security

User Gan
by
8.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories