Question

If you make $450 a month but 15% is held out of each paycheck for Social Security and taxes how much do bring home?

Answer 1

To solve this question make an equation

450 x 0.15 = X

0.15 = the percentage taken out of the paycheck

67.5 = Social Security Taxes

450 - 67.5

= $382.5

Or the easier way if you want it straight away

450 x 0.85 = $382.5

0.85 = percentage taken home