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Consider gross earnings of $83,000. - The standard deduction is $12,000 and itemized deduction is $10,000. - Social security tax rate is 6.2%; Medicare tax

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Consider gross earnings of $83,000. - 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? Consider a 30 -year, traditional mortgage on a $130,000 property. With 20% down payment and a 3% APR. Mortgage payments are made monthly. What is the 218th payment? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)

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