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Employees in 2012 paid 4.2% of their gross wages towards Social Security while employers paid another 6.2% how much did someone earning $65,000 a year gross wages paid towards Social Security in 2012

Respuesta :

Case 1:

If you are an employee making $65000 a year, then you would pay

[tex]65000\times\frac{4.2}{100}=2730[/tex]

$2730 toward social security.

Case 2:

If you are an employer with an employee who makes $65000, then you would pay

[tex]65000\times\frac{6.2}{100}=4030[/tex]

$4030 towards social security for that employee.