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2 Assuming a Social Security rate of 6.2% on the first $127,200 in wages, 1.45% in Medicare in excess of $127,200, and a federal income

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2 Assuming a Social Security rate of 6.2% on the first $127,200 in wages, 1.45% in Medicare in excess of $127,200, and a federal income tax rate of 25% on all wages, what would be an employee's net pay for the year if he earned $250,000 for the year? s 171,050 s178,797 $175,989 s 169,214

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