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Margaret [11]
3 years ago
7

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

nt of Social Security tax deducted from Gary’s gross pay.
a.
$6.49
b.
$8.38
c.
$64.93
d.
$83.78
Business
2 answers:
Zina [86]3 years ago
7 0

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

Aleonysh [2.5K]3 years ago
7 0

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

Read more on Brainly.com - brainly.com/question/3046647#readmore

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Answer:

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Explanation:

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