=+4. An employees rate of pay is $40 per hour, with time and a half for all
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=+4. An employee’s rate of pay is $40 per hour, with time and a half for all hours worked in excess of 40 during a week. The social security rate is 6.0%
on the first $100,000 of annual earnings, and the Medicare rate is 1.5% on all earnings. The following additional data are available:
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