Directions
Social Security tax deducts 6.2% from your gross income. To figure out how much Social Security tax you’ll pay, follow this example:
Ana’s gross pay is $400.
- Convert 6.2% to a decimal by dropping the percent sign and moving the decimal point two places to the left. 6.2% = 0.062
- Multiply gross pay by 0.062: $400 × 0.062 = $24.80
- Ana pays $24.80 in Social Security tax.