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steve lopez
Lv 5
steve lopez asked in Business & FinanceTaxesOther - Taxes · 8 years ago

Social security business math help !?

You report a taxable income of $125000 in 2010. The social security tax for that year is 6.2% up to $106800. How much in dollars d you pay towards social security tax ?

2 Answers

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  • Anonymous
    8 years ago
    Favorite Answer

    $6621.60 (You pay zero for amounts over $106800.)

  • Cathi K
    Lv 7
    8 years ago

    6.2% times 106800. If you cannot do the math use a calculator, there is one on the computer.

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