Answer:
Step-by-step explanation:
an employee is taxed 6.2 percent of their gross pay for Social Security, up to $127,200. After an employee has earned that much, Social Security payments are no longer deducted for the remainder of the year.
Answer:
$145.33
Step-by-step explanation:
6.2% of gross pay is withheld for Social Security Tax.
6.2% = 6.2/100 = 0.062; this means we multiply the gross pay by 0.062:
2344(0.062) = 145.328 ≈ 145.33
