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

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asked May 16, 2022 145k views

2 votes

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.

Mathematics
college

Franksands asked

by Franksands

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1 Answer

4 votes

9514 1404 393

Answer:

$2310

Explanation:

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

Isntn answered May 21, 2022

by Isntn

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