Answered

Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly 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

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.