What is the Social Security tax rate listed?

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Multiple Choice

What is the Social Security tax rate listed?

Explanation:
Social Security tax is the portion of payroll taxes that funds the Social Security program, taken as a percentage of earnings up to a yearly wage base. The standard rate for the employee portion is 6.2%, and the employer pays the same amount. Among common options, 6.2% is the correct rate because it matches the official Social Security contribution rate. The other numbers don’t correspond to this tax, and wouldn’t reflect how Social Security deductions are applied.

Social Security tax is the portion of payroll taxes that funds the Social Security program, taken as a percentage of earnings up to a yearly wage base. The standard rate for the employee portion is 6.2%, and the employer pays the same amount. Among common options, 6.2% is the correct rate because it matches the official Social Security contribution rate. The other numbers don’t correspond to this tax, and wouldn’t reflect how Social Security deductions are applied.

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