298 x 0.062 = the amount that is deducted 298 x 0.062 = 18.476
The total amount of money she has earned this year is given to you just to confuse you. All you really need is the percent converted to a decimal, which is 0.062, and her weekly pay, which is $298. You multiply these two together to get 18.476, which when rounded becomes $18.48.
So, every week, $18.48 is deducted from her weekly pay.
I believe we pay 6.2% social security tax and another 1.45% for medicare. So you would pay approximately 18.48 for social security tax and another 4.32 for medicare each week. Provided the 298. is your gross income.
