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Jill Janzen's gross weekly pay is $298. Her earnings to date for the year total $14,900. What amount is deducted from her pay each week for Social Security, which is taxed at 6.2%?

User Jho
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1 Answer

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Jill's annual earnings can be calculated by multiplying her weekly pay by the number of weeks in a year: $298/week x 52 weeks/year = $15,496/year. Her earnings to date are $14,900, so she has earned an additional $596 in the current week.

Social Security is taxed at 6.2%, so the amount deducted from her pay each week is 6.2% of her gross weekly pay. That's 0.062 x $298 = $18.48.

User Ludovic Chabant
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