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

Calculating Social Security and Medicare Taxes

Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings.

if required, round your answers to the nearest cent.

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If required, round your answers to the nearest cent

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