jeanneamelia17
jeanneamelia17 jeanneamelia17
  • 02-11-2020
  • Business
contestada

Rachel Radcliff earns an annual salary of $165,480. 42. How much Social Security taxes will be deducted from her salary in November?​

Respuesta :

Samawati
Samawati Samawati
  • 02-11-2020

Answer:

$854.98

Explanation:

Rachel's salary for November will be the annual salary divided by 12 months.

=  $165,480. 42/ 12

=$13,790. 03

November pay is $13,790

The social security tax rate is 6.2% to the employee and 6.2% to the employer.

Rachael will pay 6.2% of her November gross income as social security tax

=6.2/100 x $13,790

=0.062 x $13,790

=$854.98

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