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For Exercises 18 and 19, find (a) the Social Security tax and (b) the Medicare tax for each of the following self-employed people. Use a
For Exercises 18 and 19, find (a) the Social Security tax and (b) the Medicare tax for each of the following self-employed people. Use a FICA tax rate of 12.4% and a Medicare tax rate of 2.9%. [6.3] 18. Kirby: $36,714.12 19. Biondi: $42,380.62
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