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Martha earned a gross pay of $1,215.60 last week

Question:

Martha earned a gross pay of $1,215.60 last week. Using the fact that social security tax is 6.2% of gross pay, determine the amount of social security tax deducted from Martha’s gross pay.

A. $7.54

B. $65.37

C. $75.37

D. $75.40

Answer:

Social security tax = 6.2% * $1,215.60

= $75.37

Answer: C. $75.37

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