Question

Gary earned a gross pay of $1,047.30 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amount of Social Security tax deducted from Gary’s gross pay. a. $6.49 b. $8.38 c. $64.93 d. $83.78

Answer 1

Answer:

C

Step-by-step explanation:

64.93

Answer 2

The  social security tax deducted from Gary's gross pay is $64.93.

What is social security tax?

This is the tax levied on both employers and employee to develop social security program.

The social security tax deducted from Gary's gross pay is calculated as follows;

Tax = Amount x rate

Tax = $1,047.30 x 0.062

Tax = $64.93

Thus, the  social security tax deducted from Gary's gross pay is $64.93.

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