Samantha Rodriguez had gross earnings for the pay period ending 10/15/19 of $5,785. Her total gross earnings as of 9/30/19 were $116,700. Social Security taxes are 6.2% on a maximum earnings of $122,700 per year. The Social Security tax due by her employer from her 10/15/19 paychecks is:

Question

Quizplus · Accepted Answer

First, we need to find the amount of Samantha's earnings subject to Social Security tax for the pay period ending 10/15/19. The maximum earnings subject to Social Security tax for the year is $122,700, so we need to subtract her earnings as of 9/30/19 from that amount:

$122,700 - $116,700 = $6,000

This means that $6,000 of Samantha's earnings for the pay period ending 10/15/19 are subject to Social Security tax.

Next, we need to calculate the actual Social Security tax due. Since the tax rate is 6.2%, we can simply multiply $6,000 by 0.062:

$6,000 x 0.062 = $372

Therefore, the Social Security tax due by Samantha's employer from her 10/15/19 paychecks is $372, which corresponds to choice B.

Samantha Rodriguez Had Gross Earnings for the Pay Period Ending