For each of the following wages, determine the social security tax that would be withheld. i. $23,660 ii. $89,000 iii. $166,090 a. i. $146.69 ii. $551.80 iii. $1,029.76 b. i. $1,466.92 ii. $5,518.00 iii. $10,297.58 c. i. $146.69 ii. $551.80 iii. $662.16 d. i. $1,466.92 ii. $5,518.00 iii. $6,621.60

Social Security tax withholds 6.2% of the base wage. That means the tax can be computed as 0.062 x wage. Thus, for a wage of $23660, the total Social Security tax is computed as i (23660 x 0.062) = 1466.92 Similar computation applies for ii, iii, and iii as shown below. ii (89000 x 0.062) = 5518.00 iii (166090 x 0.062) = 10297.58 From the calculations above, we can see that the correct answer is B.

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