Question

Jay Stone's gross weekly pay is $280.00.

his earnings to date are 59,740.00. What
amount is deducted from his pay this
werk for Social Security taxes?
(note:the rate is 6.2 percent)

A) $4.06
B)$16.80
C) $17:36
D)$17.64​

Answer 1

C) $17.36

Explanation:

As Jay Stone earns $280 a week as gross weekly pay which is the amount he earns before taxes are deducted and you know that the rate is 6.2%, you can calculate the amount that is deducted from his pay this week for Social Security taxes by finding the 6.2 percent of his gross weekly pay:

$280*6.2%= $17.36

According to this, the amount that is deducted from his pay this week for Social Security taxes is $17.36.