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Consider gross earnings of $42,000. The standard deduction is $12,000 and itemized deduction is $10,000. Social security tax rate is 6.2%; Medicare tax rate
Consider gross earnings of $42,000. The standard deduction is $12,000 and itemized deduction is $10,000. Social security tax rate is 6.2%; Medicare tax rate is 1.45%. How much is the Payroll/FICA tax?
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
9th edition
78110912, 978-0078110917
