accounting

posted by .

how do i calulate my ss witholdings from my paycheck? i know its 6.2% of my earnings. So if i made 551.65 for the year i would take 551.65*6.2% and subtract that answer from the 551.65?

  • accounting -

    The withholdings amount is the 6.2% of earnings.
    You don't subtract it from the earnings to get the amount withheld. That is the amount left over, but your employer may be withholding other things too.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. rounding decimals

    Rounding to the nearest hundredth. Would 0.551 round to 0.6?
  2. rounding decimals

    Rounding to the nearest hundredth.Would 0.551 be rounded to 0.600?
  3. college maths

    Find the LCD and add the fractions. 1/125 + 4/50= 11/24 1/1250 1/35 551/6250 (Points: 5) im not getting the concept of this some help is really needed please
  4. math

    Find the five-number summary of the following set of numbers. 341, 233, 181, 368, 247, 551, 286, 223, 313
  5. math

    Find the five-number summary of the following set of numbers. 341, 233, 181, 368, 247, 551, 286, 223, 313
  6. Finding the Activation Barrier

    Q: A reaction rate has a constant of 1.23 x 10-4/s at 28 degrees C and 0.235 at 79 degrees C. Determine the activation barrier for the reaction. A: My work thus far: ln(1.23 x 10-4/0.235)=(Ea/8.314)(1/79-1/28) -7.551=(Ea/8.314)(0.01265-0.03571) …
  7. Temperature

    Q: A reaction rate has a constant of 1.23 x 10-4/s at 28 degrees C and 0.235 at 79 degrees C. Determine the activation barrier for the reaction. A: My work thus far: ln(1.23 x 10-4/0.235)=(Ea/8.314)(1/79-1/28) -7.551=(Ea/8.314)(0.01265-0.03571) …
  8. Temperature Problem

    Q: A reaction rate has a constant of 1.23 x 10-4/s at 28 degrees C and 0.235 at 79 degrees C. Determine the activation barrier for the reaction. A: My work thus far: ln(1.23 x 10-4/0.235)=(Ea/8.314)(1/301.15-1/352.15) -7.551=(Ea/8.314)(0.0048090535) …
  9. Math/Fractions

    1.Find the LCD and add the fractions. 1/125+4/50= 11/125, 1/1250, 1/35, 551/6250 My answer is 11/125 2.Subtract; then reduce answer to lowest terms. 5/22-1/41= 227/902,183/901,183/902,61/301 My answer is 183/902
  10. Algebra

    Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. For year one For year two I started with $500. for year one and $525. for year two and added the interest and ended up with 551.25 - and …

More Similar Questions