If the Social Security tax is 6.13 percent of the gross income, what is the tax for $1,783.00?

Question

If the Social Security tax is 6.13 percent of the gross income, what is the tax for $1,783.00?

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Solution

To calculate the Social Security tax for a gross income of $1,783.00, you need to multiply the gross income by the Social Security tax rate.

Here are the steps:

Convert the Social Security tax rate from a percentage to a decimal. To do this, divide the percentage by 100. So, 6.13 percent becomes 0.0613.
Multiply the gross income by the tax rate. So, $1,783.00 * 0.0613 =$ 109.27

So, the Social Security tax for a gross income of $1,783.00 at a rate of 6.13 percent is$ 109.27.

This problem has been solved

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