Irene earned wages of $119,200 during 2015. How much will Irene's employer withhold in social security taxes for the year?

Name: Irene earned wages of $119,200 during 2015. How much will Irene's employer withhold in social security taxes for the year?
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In 2015, the Social Security tax rate was 6.2% on earnings up to the wage base limit of $118,500. Therefore, the maximum Social Security tax withheld would be 6.2% of $118,500, which equals $7,347.00.

Irene Earned Wages of $119,200 During 2015