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Matty Kim, an accountant for Vernitron, earned $120,900 from January to June. In July, Matty earned $20,000. Assume a tax rate of 6.2% for Social

Matty Kim, an accountant for Vernitron, earned $120,900 from January to June. In July, Matty earned $20,000. Assume a tax rate of 6.2% for Social Security on $128,400 and 1.45% on Medicare. How much are the July taxes for Social Security and Medicare?

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