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:
c) at most 11.1%
Step-by-step explanation:
We have the data that is 97 ± 12, with 97 being the mean and 12 the standard deviation.
Now, the percentage of people who reached them for less than 73 dollars, if it were a normal distribution:
z = (73 - 97) / 12 = - 2
so it would be, a probability of 0.0228 or 0.228%.
But we don't know what distribution it has, but we can get an idea.
A and D discarded, as they are very high values, and 73 is well below the average.
B) is still a very high value.
Therefore the answer is C, at most 11.1%
Answer:
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Step-by-step explanation:
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