Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Jeffrey earns a gross semimonthly salary of $2181. 80. Social security tax for one pay period is 6. 2% of gross pay. What is the total of his social security deductions for the year? round each calculation to the nearest cent.

Sagot :

abiolataiwo2015

The total of his social security deductions for the year is $3246.52.

Total of his social security deductions

Using this formula

Total social security deductions=(Semimonthly salary ×Twelve months ×Two paychecks a year)×Social security tax

Let plug in the formula

Social security deductions=($2,181.80×12 months×2)×6.2%

Social security deductions=$52,363.2×6.2%

Social security deductions=$3,246.5184

Social security deductions=$3,246.52 (Approximately)

Inconclusion the total of his social security deductions for the year is $3246.52.

Learn more about social security deductions here:https://brainly.com/question/1757984

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.