Question

Dr. Ames earns an annual salary of $265,000. If social security is 8% of your income, then how much will Dr. Ames pay each year in social security? $13,250 $21,200 $15,900 $18,40063

Answer 1

The correct answer is b.

Explanation:

Giving the following information:

Annual salary= $265,000

Social security is 8% of his income.

To calculate the annual expending on social security, all we have to do is multiply the annual salary for the expend percentage.

Annual expense= 265,000*0.08

Annual expense= $21,200