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Davis and Thompson have earnings of $994 each. The social security tax rate is 6.0%, and the Medicare tax rate is 1.5%. Assuming that the
Davis and Thompson have earnings of $994 each. The social security tax rate is 6.0%, and the Medicare tax rate is 1.5%. Assuming that the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period? Ca. $149.10 Ob. $29.82 Cc. $52.00 d. $104.00
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