Question

Find the amount of Social Security deducted: $37890 annually.

Answer 1

Social security tax is one of the taxes that adhere to the government (among government health insurance, government housing insurance, and other regulatory taxes) that depends on many factors such as the status whether single or married, the number of dependents (including the spouse and the number of children from legal spouse), the current year, the salary range in which the salary falls into and the payment method your employer applies to your income. For single and marries individuals, a person is still liable to 12.4% of the income. This is equal to $4689.36 in total.