Consumer Math

Find the amount of Social Security deducted: $37890 annually.

A - $2273.40

B - $2898.59

C - $728.65

D - 1234.15

Correct answer is B.

Step-by-step explanation:

Amount deducted for social security = 6.2 % annually

Amount deducted for medicare tax = 1.45 % annually

Total deduction = 6.2 + 1.45 = 7.65 %

Tax on given amount = 7.65 * 37890 = 2898.59

Therefore amount deducted annually will be $2898.59/-