Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%. How much will someone earning $56,000 a year pay towards social security out of their gross wages?

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05-10-2022
Mathematics

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Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers paid another 6.2%. How much will someone earning $56,000 a year pay towards social security out of their gross wages?

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