Answer:
Annual tax increase by $1,020.60.
Explanation:
As the Social Security payroll is increases the Social Security tax, So, it will lead to increase the annual tax and it is computed as:
Increase in Annual Tax = Salary × Increase in Social Security tax
Where,
Salary amounts to $54,000
Increase in Social Security Tax by 1.89%
Putting the values above:
= $54,000 × 1.89%
= $1,020.60
Answer:
Your answer would A if you are doing edge which is $1,020.60
Explanation:
I got it right on the practice <3
