Social security tax lisa pay in July to the nearest cent is $772.22
<h3>what is social security tax?</h3>
Social Security tax is the tax levied on both employers and employees to fund the Social Security program in the U.S. Social Security tax is collected in the form of a payroll tax mandated by the Federal Insurance Contributions Act (FICA) or a self-employment tax mandated by the Self-Employed Contributions Act (SECA).
The Social Security tax pays for the retirement, disability, and survivorship benefits that millions of peoples receive each year under the Old-Age, Survivors, and Disability Insurance (OASDI) Program—the official name for Social Security
The Social Security tax is applied to income earned by employees and self-employed taxpayers.
Employers usually withhold this tax from employees’ paychecks and forward it to the government. The funds collected from employees for Social Security are not put into a trust for the individual employee currently paying into the fund, but rather are used to pay existing older people in a "pay-as-you-go" system.
Her monthly grosspay is $12,455.10
Social security tax lisa pay in July to the nearest cent is $772.22.
False, you should add 16 first to make the equation easier. If you multiplied by 4, you would have to multiply everything by 4, whereas by adding 16 first you only have to solve 27 · 4 to get a.
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