Question

Mr. Benson's gross pay is 789.18 the amount of social secutiry deducted is 6.2 percent of gross pay. How much of his gross pay will be deducted for the social security tax?
A. 48.93
B. 45.00
C. 11.44
D. 6.20

Answer 1

To determine the amount of that Mr. Benson needs to pay for his social security tax, we just have to multiply his gross pay, 789.18 with the decimal equivalent for the percent, 6.2%.
                          amount for social security tax = 789.18 x (0.062) 
                                          = 48.93
Therefore, Mr. Benson needs to pay approximately 48.93 for social security.