Gary earned a gross pay of $1,047.30 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amou
2 answers:
Answer:
The social Security tax is $64.933 .
Step-by-step explanation:
As given
Gary earned a gross pay of $1,047.30 last week.
Social Security tax is 6.2% of gross pay .
6.2% is written in the decimal form
= 0.062
Social Security tax = 0.062 × Gross pay
Put all the values in the formula
Social Security tax = 0.062 × 1047.30
= $64.933 (Approx)
Therefore the social Security tax is $64.933 .
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Answer:
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Step-by-step explanation:
To solve this you can set up a ratio.
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