If you earned up to $113,700 in 2013 from an employer, your social security tax rate was 6.2% of your income. if
you earned over $113,700, you paid a fixed amount of $7,049.40.
c. how much money would you have made if you paid $4,000 in social security tax in 2013?

Answer with Step-by-step explanation:

We are given that

If you earned upto $113,700 in 2013 from an employer then your security tax=6.2% of income

If you earned over $113,700 then, you paid amount of tax=$7049.40

We have to find the money you would have made when you paid $4000 in social security tax in 2013.

Let x be the income and f(x) be the amount of tax.

Substitute the values then we get

$64516.13

When you would have mad $64516.13 then you paid $4000 in social security tax in 2013.

the answer is c

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