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Consider gross earnings of $ 7 9 , 0 0 0 . The standard deduction is $ 1 2 , 0 0 0 and itemized

Consider gross earnings of $

79, 000 .

The standard deduction is $

12, 000

and itemized deduction is $

8, 000 .

Social security tax rate is

6.2 %

; Medicare tax rate is

1.45 % .

How much is the Payrol

/ /

FICA tax?

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