Adam Is a Part-Time Employee Who Earned $495

question 65

Multiple Choice

Adam is a part-time employee who earned $495.00 during the most recent pay period.He is married with two withholding allowances.Prior to this pay period,his year-to-date pay is $6,492.39.How much should be withheld from Adam's gross pay for Social Security tax?

• A)$40.02
• B)$30.69
• C)$37.92
• D)$28.46

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Definitions:

Revenue Reported

The total income earned by a company from its normal business operations, reported in the financial statements for a specific period.