Question
Pat Maninen earns a gross salary of $3,000 each week. Assume a rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare.
Pat Maninen earns a gross salary of $3,000 each week. Assume a rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. a. What are Pat's first week's deductions for Social Security and Medicare? Note: Round your answers to the nearest cent.
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