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1. What is the combined amount (in percent) of the employee and employer Social Security tax rate? (Assume wages do not exceed $137,700 per year.)

1. What is the combined amount (in percent) of the employee and employer Social Security tax rate? (Assume wages do not exceed $137,700 per year.)

2. Why do we use 360 days when calculating interest and why is it called "banker days?"

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