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1- If the limit for Social Security is $137,700 with a tax rate of 6.2% and Medicare is applied to all earnings at a tax
1- If the limit for Social Security is $137,700 with a tax rate of 6.2% and Medicare is applied to all earnings at a tax rate of 1.45% and George Rorys gross earnings this pay period are $7,300, with cumulative earnings prior to this pay period of $137,460, the amount of tax is
a-Social Security, $452.60; Medicare, $105.85.
b-Social Security, $0; Medicare, $0.
c-Social Security, 14.88; Medicare, $105.85.
d-Social Security, $0; Medicare, $17.98.
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