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Calculating Social Security and Medicare Taxes Assume a Social Security tax fate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax

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Calculating Social Security and Medicare Taxes Assume a Social Security tax fate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Socia Security and Medicare taxes for the following situations: If reguired, round your answers to the nearest cent

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