Question

Rick Nicotera has year-to- date earnings of $123,900. If his next paycheck is $6,000, what is the amount of his social security deduction?

Answer 1

The amount of Rick Nicotera's social security deduction is $7,677.80.

Step-by-step explanation:

To find the amount of Rick Nicotera's social security deduction, we need to calculate 6.2% of his year-to-date earnings.

First, we find 6.2% of $123,900:

6.2% * $123,900 = $7,677.80

Therefore, the amount of Rick Nicotera's social security deduction is $7,677.80.