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Question

Josh Logan is paid a monthly salary of $8,700. Find the Social Security taxes he paid in December.

Solution

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$8,700×6.2%=$8,700×0.062=$539.40\$8,700 \times 6.2\%=\$8,700 \times 0.062 = \$539.40

The Social Security tax is the product of the monthly wage and the Social Security tax rate of 6.2%.

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