Question

If you earned up to $113,700 in 2013 from an employer, your social security tax rate was 6.2% of your income. If

Answer 1

Answer with Step-by-step explanation:

We are given that

If you earned upto $113,700 in 2013 from an employer then your security tax=6.2% of income

If you earned over $113,700 then, you paid amount of tax=$7049.40

We have to find the money you would have made when you paid $4000 in social security tax in 2013.

Let x be the income and f(x) be the amount of tax.

$f(x)=\left\{\begin{matrix}0.062x&,if\ \ 0$

Substitute the values then we get

$4000=0.062x$

$x=\frac{4000}{0.062}=$$64516.13

When you would have mad $64516.13 then you paid $4000 in social security tax in 2013.