Economy, asked by aftababkhan5601, 1 year ago

Martha earned a gross pay of $1,215.60 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amount of Social security tax deducted from Martha’s gross pay. a. $7.54

Answers

Answered by TooFree
11

Martha earned a gross pay of $1,215.60 last week

⇒  Martha's gross pay = $1215.60


Social Security tax is 6.2% of gross pay

⇒ Social Security tax = 6.2%


Find the Social Security tax:

SST = 6.2% x 1215.60  = 0.062 x 1215.60 = $75.37


Answer: $75.37 is deducted from the gross pay for the social security tax.


Answered by Sidyandex
4

Martha earned a gross pay of 1215.60 dollars previous week.  

It is in the law that the tax to charge 6.2% of the gross pay.= 6.2% = 6.2% / 100% = 0.062.

Multiply this to Martha’s gross pay which is 1 215.60 dollars =1 215.60 * .062  = 75.37 dollar.

The answer $75.37.

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