For each of the following wages, determine the social security tax that would be withheld. use $106,800 for maximum taxable earnings.
i. $23,660
ii. $89,000
iii. $166,090
a.
i. $146.69
ii. $551.80
iii. $1,029.76
b.
i. $1,466.92
ii. $5,518.00
iii. $10,297.58
c.
i. $146.69
ii. $551.80
iii. $662.16
d.
i. $1,466.92
ii. $5,518.00
iii. $6,621.60

the answer is is D. i.$1,466.92

                            ii.$5,518.00

                           iii.$6,621.60

Option D is the right choice.

Step-by-step explanation:

The current Social Security tax is 6.2%

Given maximum taxable earnings = $106800. This means the social security tax will be calculated on a maximum amount of $106800.

Social security tax on $23660 =

Social security tax on $89000 =

Social security tax on $106800 (maximum earnings) =

So, these values fall under option D. Hence, option D is the right choice.

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