bmighty bmighty

21-05-2021
Business

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Your monthly salary is $5250. Each month, social security is taken out of your paycheck at a rate of 6.2%. How much is taken out of your paycheck each month for social security?

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olwethumvelase2323 olwethumvelase2323

21-05-2021

Answer:

$325,50

Explanation:

if monthly salary is $5250 and a rate of 6.2% is taken out for social security we will there for say:

social security =monthly salary × rate ÷ 100

=$5250 × 6,2÷100

=$325.50

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