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Assume the Social Security tax rate is 6.0% on the first $100,000 of annual earnings for each employee. What would be the amount of the

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Assume the Social Security tax rate is 6.0% on the first $100,000 of annual earnings for each employee. What would be the amount of the Social Security tax to withhold from an employee whose gross pay prior to this pay period was $102,000 and his gross earnings for this weekly pay period is $3,000

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