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Hello Everyone, I have two practical math questions with a visual and I'd appreciate it if I could possibly get some assistance in answering these two questions. Thanks so much for your time and effort, in advance. It reads as follows:

 

1. What was Jennifer's gross pay for the year?

2. The amount in box 4 is incorrect. What dollar amount should have been entered in box 4?

Visual:

 Feb 10, 2019
 #1
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Well, I can barely read the small print on your form W-2.

 

Obviously, her income(before taxes) is plain enough to see as $34,854.00

Box 4 seems to read: Social Security Tax. If that is correct, my understanding is that the tax rate for 2018 on any income below $128,400 is 6.2%. If you multiply her gross income of $34,854.00 x 0.062 =$2,160.95 - which should be the tax in Box 4. The amount in Box 4 of $2,164.44 seems to have been calculated at 6.21%, which is a very small difference of $3.49. I hope that is correct. Good luck to you.

 Feb 10, 2019
 #2
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Thanks so much for your help. For the first answer, I worked the problem out myself too and I got the same answer so I believe I figured it out. My math teacher is new and can't really teach the material to the class that well. I thank you again for your help. :)

Guest Feb 10, 2019
 #3
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I feel sorry for you....this type of thing should be a "cookbook"  type of problem....a teacher should be able to explain this easily....

 

 

cool cool cool

CPhill  Feb 10, 2019
 #4
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  I would make a small note   THIS is a  2012   w-2    make sure you use the tax rates for 2012.   ( I think they were the same in 2018...but maybe not !)

 Feb 10, 2019

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