AnswersFL-2102373-Personal Finance and Money Management HonorsSocial Security and MedicareQuestion 31
31
QuizMultiple Choice

Social Security and Medicare

Question 31 • FL-2102373-Personal Finance and Money Management Honors

If a 6.2% Social Security tax is applied to a maximum wage of $106,800, the maximum amount of Social Security tax that could ever be charged in a single year is:

Answer
A
$213.60
B
$6,408.00
C
$6,621.60
D
$17,225.81
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