Philip P. answered 03/10/23
Affordable, Experienced, and Patient Algebra Tutor
They will pay 4.2% of $30,000: ($30,000)×(0.042) = ____?
Brook H.
asked 03/10/23Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%. How much will someone earning $30,000 a year pay towards social security out of their gross wages?
Philip P. answered 03/10/23
Affordable, Experienced, and Patient Algebra Tutor
They will pay 4.2% of $30,000: ($30,000)×(0.042) = ____?
To be complete:
4.2% is 4.2/100 = .042
"of" means multiply.
.042 * 30,000 = $1260
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