Question

Amanda has a job that pays $92,000 per year. How much will she pay in social security taxes? (Social security taxes are 6.2% of earnings

Answer 1

She will pay 5,704$ (My calculations: 92,000x0.062(6.2%)= 5,704$

Answer 2

She will have to pay $5,704 in social security taxes.
-In order to find 6.2% of 92,000 you have to multiply .062 * 92,000. This will get you $5,704.