Answer:
$651
Explanation:
Rachel earns $126,000 per year. Since a year has 12 months, her monthly income will be $126,000 divide by twelve.
=$126,000/ 12
=$10,500
Social security deductions are at a rate of 6.2% of gross pay.
Rachel earned $10,500 in May. Her social deductions will be,
6.2 % of $10,500.
=6.2/100 x $10,500
=0.062 x $10,500
=$651
