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Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%. How much will someone earning $30,000 a year pay towards social security out of their gross wages?

 Feb 20, 2020

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$30,000  x  0.042 = $1,260 will be deducted from their gross pay for "FICA"

 Feb 20, 2020
 #1
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Best Answer

$30,000  x  0.042 = $1,260 will be deducted from their gross pay for "FICA"

Guest Feb 20, 2020

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