Question

3) Santiago's weekly pay is $692.00. 7.8% of his

pay is deducted weekly for Social Security and
Medicare. How much is Santiago's yearly
contribution to Social Security and Medicare?
Recall that there are 52 weeks in a year.
A) $2995.66
B) $2906.75
c) $2717.84
D) $2628.93
B) $2539 02

Answer 1

A) $2806.75

Step-by-step explanation:

So first we multiply the weekly pay y the weeks in a year 692*52 = $35,984

and then we take 7.8% of it => 7.8 * 35984 /100 = $2806.75