Mr. Jones has 6 employees whose gross pay totals $3060. Assuming 7.05% social security withholding, how much total should he wit hhold from their checks for social security?
2 answers:
Since we are already given with the total gross pay of the 6 employees, the amount that Mr. Jones should withhold from them for the social security tax that needs to pay will just be the product when $3,060 is multiplied by 7.05%. The answer should be $215.73.
Answer:
$215.73
Step-by-step explanation:
Mr. Jones has 6 employees whose gross pay totals = $3060
Their social security withholding = 7.05%
Total withhold from their checks = 7.05% of $3060
= × 3060
= 0.0705 × 3060
= $215.73
Mr. Jones withhold $215.73 from their checks for social security.
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