SOLUTION: 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 $50,000 a year pay themselves

Question 1166808: 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 $50,000 a year pay themselves towards social security out of their gross wages?
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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4.2% of $50,000.

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