Employees in 2012 paid 4.2% of their gross wages towards social security while employers paid another 6.2%. How much will someone earning 32,000 a year pay towards social security out of their gross wages ?

Name: Solved: Employees in 2012 paid 4.2% of their gross wages towards social security while employers paid another 6.2%. How much will someone earning 32,000 a year pay towards social security out of their gross wages ? - MathMaster
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Answer to a math question Employees in 2012 paid 4.2% of their gross wages towards social security while employers paid another 6.2%. How much will someone earning 32,000 a year pay towards social security out of their gross wages ?

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Fred

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113 Answers

1. Determine the percentage of gross wages paid by the employee towards social security: 4.2% or 0.042.

2. Calculate the social security amount paid by the employee:

32,000 \times 0.042 = 1,344

3. Hence, someone earning $32,000 a year will pay $1,344 towards social security out of their gross wages.

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