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if a gross income is $87,425 social security is 6.2% and medicae is 1.45% what is social security due

1 Answer

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Answer:

$5420.35

Explanation:

You want to find 6.2% of $87,425.

Percentage

The wording "6.2% of $87,425" means ...

0.062 × $87,425

That value is nicely computed using any calculator:

0.062 × $87,425 = $5,420.35

The Social Security tax due is $5420.35.

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Additional comments

The percent sign (%) effectively moves the decimal point 2 places. It is fully equivalent to /100.

6.2% = 6.2/100

Written as a decimal, this is ...

6.2/100 = 62/1000 = 0.062 . . . . . "sixty-two thousandths"

Generally, in a verbal description of a math expression, "of" means "times".

The units of dollars, represented by a dollar sign ($), can be treated as though $ were a variable. It remains a part of the product the way "x" would if this were 0.062·87425x = 5420.35x.

if a gross income is $87,425 social security is 6.2% and medicae is 1.45% what is-example-1
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