Nora and Nathan work for Cozener Construction Company.Nora is a foreman with an annual salary of $120,000.Nathan is a carpenter who earned total wages of $52,000 during the current year.

a.How much Social Security tax will Nora and Nathan have to pay?
b.According to the definitions in Chapter 1, is the social security tax regressive, proportional, or progressive? Explain.

Question

Nora and Nathan work for Cozener Construction Company.Nora is a foreman with an annual salary of $120,000.Nathan is a carpenter who earned total wages of $52,000 during the current year.
​
a.How much Social Security tax will Nora and Nathan have to pay?
b.According to the definitions in Chapter 1, is the social security tax regressive, proportional, or progressive? Explain.

Quizplus · Accepted Answer

The Answer of Nora and Nathan work for Cozener Construction Company.Nora is a foreman with an annual salary of $120,000.Nathan is a carpenter who earned total wages of $52,000 during the current year.
​
a.How much Social Security tax will Nora and Nathan have to pay?
b.According to the definitions in Chapter 1, is the social security tax regressive, proportional, or progressive? Explain.

Nora and Nathan Work for Cozener Construction Company