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An employer must deduct the employee's part for Social Security and Medicare taxes as well as matching it. The employee's percents are 6.2% and 45%
- An employer must deduct the employee's part for Social Security and Medicare taxes as well as matching it. The employee's percents are 6.2% and 45% respectively. What is the employer's total percent for both Social Security and Medicare tax?
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Walter B Meigs
5th Edition
007041551X, 9780070415515
