Monica Dutton earns $175,000 as a guest speaker for various organizations. She is employed by the Dutton Ranch, Inc. In 2022, she chose to defer 10,000 into her traditional 401(k) and 5,000 into her Roth 401(k). Determine the amount of her salary that is subject to the Social Security tax.

Answer rating: 100% (QA)

The Social Security tax is only applied to a portion of an individuals salary up to a c... View the full answer