Question

If 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



Please select the best answer from the choices provided


A
B
C
D

Answer 1

C

Calculation: 0.062 × $106,800 = $6,621.60, so option (c) is correct.