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

Question

2 years ago

7

nt of Social Security tax deducted from Gary’s gross pay.
a.
$6.49
b.
$8.38
c.
$64.93
d.
$83.78

2 answers:

Zina [86] · Answer 1 · 2022-07-01T03:01:52+03:00

Zina [86]2 years ago

7 0

B 6.2 out of it is not much but not that little

Aleonysh [2.5K] · Answer 2 · 2022-07-01T05:19:11+03:00

Answer:

C. $64.93

Explanation:

find: the amount of Social Security tax deducted from Gary’s gross pay

The amount of Social Security tax deducted from Gary’s gross pay = 6.2% of $1,047.30

or, = (6.2 ÷ 100) × $1,047.30

or, = 0.062 ×$1,047.30

or, = $ 64.93

Hence, the required amount of Social Security tax will be $ 64.93. So, the correct option will be (c) $ 64.93