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Assume FICA rates are 6 . 2 % + 1 . 4 5 % = 7 . 6 5 % and Employee Income Tax Withholding

Assume FICA rates are 6.2%+1.45%=7.65% and Employee Income Tax Withholding is at 7% of wages. Assume FUTA and SUTA rates of 4% and 1% respectively on the first $10,000 of wages.

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