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Kyle has a job that pays $55,000 per year. How much will he pay in social security taxes? (Social security taxes are 6.2% of earnings

Kyle has a job that pays $55,000 per year. How much will he pay in social security taxes? (Social security taxes are 6.2% of earnings
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3 votes
Kyle has a job that pays $55,000 per year. How much will he pay in social security taxes? (Social security taxes are 6.2% of earnings

asked
User MikeFHay
by
8.3k points

2 Answers

4 votes
Social security tax is 3,410
answered
User Kokoko
by
8.0k points
0 votes
It is pretty simple

All you have to do is multiply 55,000 by 0.062 to find the social security tax
55,000x0.062=$3,410

Social security tax is $3,410 for Kyle
answered
User Mrvncaragay
by
8.0k points
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