Answer: $6500
Explanation:
An employee pays 6.2% as social security and 1.45% as Medicare and the company pays the remaining 7.65%.
Therefore, a total of (6.2% + 1.45%) = 7.65% is deducted from the person income.
Let the monthly salary of Nancy be a
7.65% × a = $497.25
0.0765a = $497.25
a = $497.25/0.0765
a = $6500
Her monthly salary is $6500