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.

Convert 6.2% to a decimal: 0.062. Multiply Gary’s gross pay by this rate: $1,047.30 × 0.062 = $64.9326, which rounds to $64.93. Therefore, the Social Security tax deducted is $64.93, choice C.

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