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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
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: $6,621.60 106800 * .062 = 6621.6
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Asked 4/7/2014 8:15:26 PM
Updated 4/8/2014 4:02:42 AM
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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: $6,621.60
106800 * .062 = 6621.6
Added 4/8/2014 4:02:42 AM
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Which of the following is a benefit Social Security does not offer? a. automobile insurance b. disability insurance c. retirement insurance d. survivor insurance
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