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Assume that Mary has cumulative year-to-date gross pay of $117,000. For the current pay period he has gross pay of $2,000. If the Social Security
Assume that Mary has cumulative year-to-date gross pay of $117,000. For the current pay period he has gross pay of $2,000. If the Social Security Tax rate if 6.2% on the first $118,500 earned by an employee each yer, how much of Mary's current gross pay is taxable for Social Security Taxes? a. 2,000 b. 500 c. 1,500 |
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