Samantha rodriguez had gross earnings for the pay period ending 10/15/19 of $5,785. her total gross earnings as of 9/30/19 were $116,700. social security taxes are 6.2% on a maximum earnings of $122,700 per year. the social security tax due by her employer from her 10/15/19 paychecks is:
a. $372.00
b. $61.07
c. $358.67
d. $442.55

Social Security tax due = $358.67

so correct option is C. $358.67

Explanation:

given data

gross earnings = $5,785

total gross earnings = $116,700

Social Security taxes = 6.2%

maximum earnings = $122,700 per year

to find out

Social Security tax due by her employer from her 10/15/19 paychecks

solution

we get here Social Security tax due by her employer that is express as

Social Security tax due = Social Security taxes × gross earnings   1

put here value we get

Social Security tax due = 6.2 % × $5785

Social Security tax due = $358.67

so correct option is C. $358.67

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."