Question

Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid

another 6.2%. How much will someone earning $55,000 a year pay towards social security out of their gross
wages?
at least the nearest dollar.

Answer 1

9514 1404 393

Answer:

$2310

Explanation:

The employee will pay 4.2% × $55,000 = $2310.