Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6 . 2 %
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Calculating Social Security and Medicare Taxes
Assume a Social Security tax rate of is applied to maximum earnings of $ and a Medicare tax rate of is applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations:
If required, round your answers to the nearest cent.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: