Question

In a year when the maximum income for Social Security was $118,500, Bart worked at two jobs. In one job he earned $99,112. In his second job, he earned $56,222.

Both of his employers took out Social Security tax. As a result, Bart had paid excess Social Security tax, and the government must return some of it to him. How
much does the government owe him for excess Social Security paid?

Answer 1

Explanation:

He earned a total of 155,334.

99112 plus 56222.

subtract the max income from the income total

155,334 - 118500 = 36834

He is owed the social security tax he paid on 36834.

The problem does not give the social security rate.

Answer 2

The government owes Bart the excess Social Security tax that he paid, which is the amount of tax he paid on his income above the maximum income for Social Security. In this case, that would be $118,500 (the maximum income for Social Security) minus $99,112 (what he earned at his first job) minus $56,222 (what he earned at his second job) = $13,166. So the government owes Bart $13,166 for the excess Social Security tax he paid.