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.

The  amount of Social Security tax deducted from Gary’s gross pay is $64.93.

Step-by-step explanation:

Given : Gary earned a gross pay of $1,047.30 and Social Security tax is 6.2% of gross pay.

We have to determine the amount of Social Security tax deducted from Gary’s gross pay

Since, Gary's gross pay is $1,047.30

and Social Security tax is 6.2% of the gross pay.

So the amount of Social Security tax deducted from Gary’s gross pay is 6.2% of $1,047.30

that is  

Solving we get,

Thus, the  amount of Social Security tax deducted from Gary’s gross pay is $64.93

1.5%

step-by-step explanation: