Question

Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How much does his employer pay for his Social Security tax each pay period?

Answer 1

Robert's employer pays $155 in Social Security tax each pay period.

Step-by-step explanation:

To calculate the amount of Social Security tax that Robert's employer pays, we need to know the current Social Security tax rate. As of 2021, the Social Security tax rate is 6.2% for both the employer and the employee.

First, we need to calculate Robert's semi-monthly salary by multiplying his annual salary by the semi-monthly pay period:

$60,000 / 24 = $2,500

Then, we can calculate the amount of Social Security tax paid by multiplying Robert's semi-monthly salary by the Social Security tax rate:

$2,500 x 6.2% = $155

So, Robert's employer pays $155 in Social Security tax each pay period.