In 2013, a worker who earned $125,000 would have _____ in Social Security taxes taken out of
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In 2013, a worker who earned $125,000 would have _____ in Social Security taxes taken out of his or her pay and _____ would also be paid by the employer.
a. $17,396; $17,396 (both equal to $113,700*.153)
b. $8,860.45; $8,860.45 (both equal to $113,700*.0765+.0145*$11,300)
c. $8,470.65; $8,470.65 (both equal to $113,700*.0765)
d. $9,562.50; $9,562.50 (both equal to $125,000*.0765)
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