Knowing that a 6.2% Social Security tax is applied to a maximum wage of $106,800, the maximum amount of Social Security tax that could ever be charged in a single year is:
a.
$213.60
b.
$6,408.00
c.
$6,621.60
d.
$17,225.81

Question

Knowing that a 6.2% Social Security tax is applied to a maximum wage of $106,800, the maximum amount of Social Security tax that could ever be charged in a single year is:
a.
$213.60
b.
$6,408.00
c.
$6,621.60
d.
$17,225.81

anonymous · Answer

How old are you?

anonymous · Answer

17 why? i need help ? not asked how old i am?

anonymous · Answer

Eh.. nvm.

anonymous · Answer

Okay so basically you need to take 6.2 and times it with 100 percent. Which should give you 0.062. Then times that with $106,800. :)

anonymous · Answer

I came up with $6,621.60 so your answer is C.

anonymous · Answer

The reason you times it by 100 percent is because you need to change the Social Securty Tax percent into a decimal...which then can be times into the maximum wage, which is $106,800. :) Hope this helps! :D

anonymous · Answer

okay thank you  , it did!!!!:D

anonymous · Answer

Haha no problem! :) Lol awesome! well keep up the good work! :D

anonymous · Answer

thanks:)