Lina earns $135,000 a year,while Christine earns $125,000 a year.If both are employees and the Social Security wage base is $117,000,Lina pays ____ Social Security taxes than (as) Christine.

Question

Quizplus · Accepted Answer

Both Lina and Christine would pay the maximum Social Security tax on the first $117,000 of their earnings, which is 6.2% of $117,000, or $7,254. Lina would then pay an additional 6.2% of the remaining $18,000 ($1,116), while Christine would not pay additional Social Security tax on her remaining $8,000. Therefore, Lina would pay slightly higher Social Security taxes than Christine.

Lina Earns $135,000 a Year,while Christine Earns $125,000 a Year