Gary earned a gross pay of \( \$ 1,047.30 \) last week. Using the fact that Social Security tax is \( 6.2 \% \) of gross pay, determine the amount of Social Security tax deducted from Gary's gross pay. a. \( \$ 6.49 \) b. \( \$ 8.38 \) c. \( \$ 64.93 \) d. \( \$ 83.78 \) Please select the best answer from the choices provided

To find the amount of Social Security tax deducted from Gary's gross pay, you can calculate \( 6.2\% \) of \( 1,047.30 \). First, convert the percentage to a decimal by dividing by \( 100 \): \[ 6.2\% = 0.062 \] Now, calculate the tax: \[ \text{Social Security tax} = 1,047.30 \times 0.062 \] This yields approximately \( 64.93 \). So, the best answer from the given choices is: c. \( \$ 64.93 \)