If Cindy has a current salary of $45,000, how much will she pay in Social Security tax at the rate of 6.2%?

If Cindy has a current salary of $45,000, how much will she pay in Social Security tax at the rate of 6.2%?

• A. $2,790
• B. $3,000
• C. $2,200
• D. $3,200

Answer: (A)

To determine how much Cindy will pay in Social Security tax, you need to calculate 6.2% of her salary of $45,000. The formula for calculating the Social Security tax is: Social Security Tax = Salary × Tax Rate Substituting in the figures provided: Social Security Tax = $45,000 × 0.062 = $2,790 This means Cindy will pay $2,790 in Social Security tax. The correct answer is justified by accurately applying the formula for calculating the tax based on her annual salary and the specified tax rate. This calculation aligns with the standard practice for determining payroll taxes, making option A the right choice.

To determine how much Cindy will pay in Social Security tax, you need to calculate 6.2% of her salary of $45,000. The formula for calculating the Social Security tax is:

Social Security Tax = Salary × Tax Rate

Substituting in the figures provided:

Social Security Tax = $45,000 × 0.062 = $2,790

This means Cindy will pay $2,790 in Social Security tax. The correct answer is justified by accurately applying the formula for calculating the tax based on her annual salary and the specified tax rate. This calculation aligns with the standard practice for determining payroll taxes, making option A the right choice.