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22-05-2016
Mathematics

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Gary earned a gross pay of $1,047.30 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amount of Social Security tax deducted from Gary’s gross pay.

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SmarticalParticals SmarticalParticals

22-05-2016

SS tax is 6.2% of 1,047.30

In math "of" means times, so

.062 x 1047.30 = 64.9326

Rounded to the nearest cent $64.93

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