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2627 FINANCIAL MATH A
Gross Pay vs. Net Pay
Question 5
5
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Gross Pay vs. Net Pay
Question 5 • 26/27 FINANCIAL MATH A
Gary earned a gross pay of $1,047.30 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amount of Social Security tax deducted from Gary’s gross pay.a.$6.49b.$8.38c.$64.93d.$83.78
Answer
A
A
B
B
C
C
D
D
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