Question

Martha earned a gross pay of $1,215. 60 last week. Using the fact that Social Security tax is 6. 2% of gross pay, determine the amount of Social security tax deducted from Martha’s gross pay.

Answer 1

Rewrite the percent as a decimal by moving the decimal 2 places to the left:

6.2 % = 0.062

Now multiply her pay by that:

1215.60 x 0.062 = 75.37

answer: $75.37