Question

Monica earned a gross pay of $926.70 last week working as a chef. Using the fact that Social Security tax is 6.2% of gross pay, determine the amount of Social Security tax deducted from Monica's gross pay.

Answer 1

In last week, Monica's gross pay was $926.70.

Social security tax is 6.2% of the gross pay.

Therefore, the amount of social security tax is

`926.70*(6.2)/(100)=57.4554`

So, the amount of social security tax deducted from her gross pay is $57.4554.