melanamann11
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For each of the following wages, determine the Social Security tax that would be withheld. Use $106,800 for maximum taxable earnings.

i. $23,660

ii. $89,000

iii. $166,090

a.

i. $146.69

ii. $551.80

iii. $1,029.76

b.

i. $1,466.92

ii. $5,518.00

iii. $10,297.58

c.

i. $146.69

ii. $551.80

iii. $662.16

d.

i. $1,466.92

ii. $5,518.00

iii. $6,621.60

Verified Answer :

foxxrock

the answer is is D. i.$1,466.92

                            ii.$5,518.00

                           iii.$6,621.60

Answer:

Option D is the right choice.

Step-by-step explanation:

The current Social Security tax is 6.2%

Given maximum taxable earnings = $106800. This means the social security tax will be calculated on a maximum amount of $106800.

Social security tax on $23660 = @@MATH_TOKEN_0@@

Social security tax on $89000 = \(0.062*89000=5518\)

Social security tax on $106800 (maximum earnings) = \(0.062*106800=6621.60\)

So, these values fall under option D. Hence, option D is the right choice.

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