Answer:
A. $3720
Explanation:
You want to know the employer's contribution to the Social Security tax on a salary of $60,000 per year. The employer's Social Security tax rate is given as 6.2%.
Tax amount
The amount of tax is found by multiplying the tax rate by the quantity being taxed. Here, the employer's social security tax rate is 6.2% of an employee's salary. The salary is given as $60,000, so the amount of tax the employer pays is ...
6.2% × $60,000 = $3720
The employer contributes $3720 in Social Security tax on a salary of $60,000.
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Additional comment
Taken together with the Medicare tax, the employer pays the US government a total of 15.3% of the employee's salary. The employer is allowed to deduct half that from the salary paid to the employee, so the employee sees a combined tax of 7.65%. The other 7.65% is an additional cost to the employer of hiring the employee.
This question is only asking about the employer's share of the Social Security tax, so the applicable tax rate is 6.2%.