BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ramiro got his fi rst job in 2006. In that year, Social Security tax was 6.2% of income up to $94, 200. Medicare tax was 1.45%. If Ramiro earned $73, 210 in 2006, how much did he pay for Social Security tax?
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$4, 539.02
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$5, 840.40
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$1, 062.55
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$1, 365.90
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Explanation:
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