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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

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