Question

Assume you got a temporary job in the payroll department of your local grocery store. It is your job to compute the employees' pay and send it to the paycheck company to print the checks.
Use the Social Security Tax Rate of 6.2%. What is the Social Security deduction for $200?

Answer 1

Answer: The answer is $698.00

Step-by-step explanation: For example, if you are receiving SSI and make $200 per month in earned income, the deduction will be made like this: $200 – 20 = $180 – 65 = $115.00/2 = $57.50 Meaning $57.50 would be deducted from the maximum SSI payment of $698.00 month.

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