Based on the maximum taxable amount for social security in 2009, and the social security tax rate, the social security tax that Larry paid was $7,347.
<h3>How much did Larry pay in social security taxes?</h3>
The total amount paid by Larry as Social security tax can be found as;
= Maximum amount allowable for social security tax x Social security tax rate
The social security tax rate was 6.2% not 62.2%.
The social security tax was therefore:
= 118,500 x 6.2%
= $7,347
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PLUG in the numbers
4.5=500 x R x 2.5
divide both sides by 500
0.009=R x 2.5
divide 2.2 to both sides
R=.0036
In percent you have to multiply by 100 which is 0.36%
X-16=-8
Add 16 on both sides
x=-8+16
And solve; your answer will be
x=8
X + y = 10
x - y = 2
add the equations together
2x = 12
x = 6
6 + y = 10
y = 3