Question

Ted works for 160 hours in a given month, and his wage rate is $10 per hour. What amount will show as Ted's contribution to Social Security?

OA. $1,500.80
OB. $9.92
O C. $99.20.
OD. $150.08

Answer 1

Assuming the Social Security contribution rate is 6.2% of the wage, Ted's contribution to Social Security can be calculated as follows:

Ted's total wage for the month = 160 hours * $10/hour = $1600

Social Security contribution = 6.2% * $1600 = $99.20

Therefore, the answer is option C. $99.20.