Adam is a part-time employee who earned $495.00 during the most recent pay period. He is married with two withholding allowances. Prior to this pay period, his year-to-date pay is $6,492.39. How much should be withheld from Adam's gross pay for Social Security tax?
A) $30.69
B) $28.46
C) $40.02
D) $37.92

Question

Quizplus · Accepted Answer

Social Security tax is 6.2% of gross pay. Adam's gross pay is $495.00, so the Social Security tax withheld is $495.00 x 0.062 = $30.69.

Adam Is a Part-Time Employee Who Earned $495