Hello there,
I work with a union contractor that is required to pay the employee portion of his social security. Easy right, 7.65 of gross. The problem here is that the gross pay changes once you add back in the social security tax. by manual trial and error i came up with a factor of 8.261. I don't even know where to begin to arrive at that number with a mathematical expression. Can someone help please?
Jeannie
I work with a union contractor that is required to pay the employee portion of his social security. Easy right, 7.65 of gross. The problem here is that the gross pay changes once you add back in the social security tax. by manual trial and error i came up with a factor of 8.261. I don't even know where to begin to arrive at that number with a mathematical expression. Can someone help please?
Jeannie