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OpenStudy (anonymous):
jay has earnings of 107,600.this week he is paid 3,000. what is the total amount of social security tax for this week. assume a rate of 6.2% on 110,100 for social security and 1.45% for medicare?
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OpenStudy (tkhunny):
Well, you probably should determine how much fo the paycheck goes over the limit and don't charge the tax on that.
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