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A man earned $26,000 from wages. Let FICA tax rates be 7.65% on the first $127,200 of income from wages, and 1.45% on any income
A man earned $26,000 from wages.
Let FICA tax rates be 7.65% on the first $127,200 of income from wages, and 1.45% on any income from wages in excess of $127,200.
His FICA tax is $_____ (Round up to the nearest dollar.)
His income tax is $ ____(Round up to the nearest dollar.)
His total tax owed is $____ (Round up to the nearest dollar.)
His overall tax rate is ____%. (Round to one decimal place as needed.)
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