If the Social Security tax is 6.13 percent of the gross income, what is the tax for $1,783.00? A. $10.83 B. $109.30 C. $1,083.98 D. None of these.

Question

If the Social Security tax is 6.13 percent of the gross income, what is the tax for $1,783.00? A. $10.83 B. $109.30 C. $1,083.98 D. None of these.
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Solution 1

To calculate the Social Security tax, you need to multiply the gross income by the tax rate.

Here's how you do it:

  1. Convert the tax rate from a percentage to a decimal. 6.13% becomes 0.0613.
  2. Multiply the gross income by the tax rate.

So, $1,783.00 * 0.0613 = $109.30

Therefore, the Social Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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