There is a cap on the amount that an employee or employer has to pay for Social Security contributions. The cap for the $2023$ tax year is $$9,932\mathrm{.}40.$ How much money would someone have to earn for that amount to be $6\mathrm{.}2\%$ of their income?There is a cap on the amount that an employee or employer has to pay for Social Security contributions. The cap for the $2023$ tax year is $$9,932\mathrm{.}40.$ How much money would someone have to earn for that amount to be $6\mathrm{.}2\%$ of their income?