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Reil [10]
3 years ago
8

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 am

ount of Social security tax deducted from Martha’s gross pay.
Business
1 answer:
azamat3 years ago
4 0

Martha's gross pay $1,215.60

Social Security Tax is 6.2%

To find the total amount Martha pays in social security tax take $1,215.60 and multiply it by .062.

($1,215)(0.062) =

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3 0
3 years ago
For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.
Gnom [1K]

Answer:

Alice's consumer surplus =  $5

Jeff's consumer surplus = $16

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Producer surplus is the difference between the price of a good and the least price the producer is willing to accept

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Alice's consumer surplus = $30 - ($35 - $10) = $5

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5 0
3 years ago
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