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 $19,000 a year pay themselves

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Question 1183106: 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 $19,000 a year pay themselves towards social security out of their gross wages?
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
if you are an employee making 19,000 a year, then you would pay 19,000 * .042 = 798 towards social security.

if you are an employer with an employee who makes 19,000 a year, then you would pay 19,000 * .062 = 1178 towards social security for that employee.