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16 May, 09:31

Consumer Math

Find the amount of Social Security deducted: $37890 annually.

A - $2273.40

B - $2898.59

C - $728.65

D - 1234.15

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Answers (1)
  1. 16 May, 11:48
    0
    Correct answer is B.

    Step-by-step explanation:

    Amount deducted for social security = 6.2 % annually

    Amount deducted for medicare tax = 1.45 % annually

    Total deduction = 6.2 + 1.45 = 7.65 %

    Tax on given amount = 7.65 * 37890 = 2898.59

    Therefore amount deducted annually will be $2898.59/-
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