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Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $142,800 for Social Security and 1.45%

Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare): Note: Round your answers to the nearest cent. Employee Rouche Cumulative earnings before this pay period Pay amount this period Social Security Medicare S 142,000 $ 9,000 I $ 130.50

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