Answer: The correct answer is therefore A) $74.40.
Step-by-step explanation: To calculate Social Security tax for Betsy at $1,200, we need to find the amount of tax that is due on that amount of income. According to the schedule, Social Security tax is applied at a rate of 6.2% on income up to $128,400. Therefore, the amount of tax due on $1,200 of income would be $1,200 x 6.2% = $<<12006.2.01=74.4>>74.4.