Question 1 Frankie earned $38,700 last year.  If Social Security tax is $0.062 tax per $1 earned, then how much Social Security did they pay last year? Note: Round your answer to the nearest penny.  Input dollars and cents.  Use the $ sign follow by number.  Do not put a space between the $ and the number.  Use a comma to separate number periods if necessary.  For example: $2,325.30   Question 3 Last year Peta had an annual income of $33,000.  They paid $2,046.00 in Social Security Tax, $478.50 in Medicare Tax, and $3,762.50 in Income Tax.  What was Peta's net annual income? Note: Round your answer to the nearest penny.  $26,713.00 $29,237.50 $39,287.00

College Algebra
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ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.6: Counting Principles
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Question 1

Frankie earned $38,700 last year.  If Social Security tax is $0.062 tax per $1 earned, then how much Social Security did they pay last year?

Note: Round your answer to the nearest penny.  Input dollars and cents.  Use the $ sign follow by number.  Do not put a space between the $ and the number.  Use a comma to separate number periods if necessary.  For example: $2,325.30

 

Question 3

Last year Peta had an annual income of $33,000.  They paid $2,046.00 in Social Security Tax, $478.50 in Medicare Tax, and $3,762.50 in Income Tax.  What was Peta's net annual income?

Note: Round your answer to the nearest penny. 

$26,713.00
$29,237.50
$39,287.00
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