Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

how to calculate social security wages from paystub

Sagot :

shyllomoo4L

Answer:

Starting with an employee's gross wages  hours worked multiplied by hourly rate, or fixed salary amount for the payroll period  subtract any qualifying pre-tax deductions. The result is the taxable income. Convert the 6.2 percent Social Security withholding rate to a decimal by dividing 6.2 by 100 to get 0.062.

Explanation:

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.