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Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for

Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare):(Round your answersto the nearest cent.)

Employee Cumulative earnings before this pay period $128,300

Pay amount this period $3000

Social Security

Medicare

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