The amount Bart paid in social security is $9,630.71
The given parameters;
- maximum income for $118,500
- percentage payable for social security, 6.2%
- first amount earned, = $99,112
- second amount earned, = $56,222
Each of the amount earned is within the range of 6.2%, since each is less than $118,500
The amount Bart paid in social security is calculated as follows;
[tex]amount \ paid \ = 0.062\times 99,112 \ + \ 0.062 \times 56,222\\\\amount \ paid \ = \$ 9,630.71[/tex]
Thus, the amount Bart paid in social security is $9,630.71
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