Steve Is a Full-Time Exempt Employee at a Local Electricity

question 3

Multiple Choice

Steve is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $43,325 and is paid biweekly. What is his Social Security tax deduction for each pay period? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

• A) $98.67
• B) $106.34
• C) $103.31
• D) $123.95

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Definitions:

Inverse Function

A function that reverses the effects of another function, such that the composition of the two functions yields the identity function.

Graph

A visual representation of data or mathematical functions on a coordinate plane.

Change-of-Base Formula

A mathematical formula used to convert a logarithm of one base to a logarithm of another base.

Properties of Logarithms

The rules that govern the operations of logarithms, such as the product, quotient, and power rules.