Samantha Rodriguez had gross earnings for the pay period ending 10/15/16 of $4,785.Her total gross earnings as of 9/30/16 were $111,400.Social Security taxes are 6.2% on a maximum earnings of $113,700 per year.The Social Security tax due by her employer from her 10/15/16 paychecks is:

Question

Quizplus · Accepted Answer

Samantha's total gross earnings after the 10/15/16 pay period would be $111,400 + $4,785 = $116,185. However, Social Security taxes only apply up to $113,700. Therefore, the taxable amount for this pay period is $113,700 - $111,400 = $2,300. The Social Security tax is 6.2% of $2,300, which equals $142.60.

Samantha Rodriguez Had Gross Earnings for the Pay Period Ending