Gary earned a gross pay of $1,047.30 last week. Using the fact that Social Security tax is 6.2% of gross pay,

Question

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

GPT-5 mini · Answer

Social Security tax = 6.2% of $1,047.30 = 0.062 × 1,047.30 = $64.9326 ≈ $64.93.

Answer: c. $64.93

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

All Answers 1

Submit Your Answer

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

All Answers 1

Submit Your Answer

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