Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%. How much will someone earning $39,000 a year pay towards social security out of their gross wages?

Respuesta :

Someone who is earning $39,000 a year, would pay $1,638 towards social security out of their gross wages

Employees in 2012 paid 4.2% of their gross wages towards social security tax.

As the gross yearly wages of an employee is $39,000 and he have to pay the 4.2% of his gross wages towards social security or FICA tax.

Percentage means division by 100 and to know the contribution of the employee we need to multiply the percentage with the gross wages of the employee

He paid towards social security = 4.2% of 39000

                                                    = 4.2/100×39000                                            

                                                    = 0.042 × 39000

                                                    = $1,638.00

He would pay $1,638 towards social security tax out of their wages.

To know more about  contribution - https://brainly.com/question/10990046

#SPJ9