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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Answer:
$160
Step-by-step explanation:
80 * $2
$160
Answer: $160
