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Ron Smith has cumulative earnings of $113,400. This week he is paid $5,000. Assuming the Social Security rate is 6.2% on $128,400 and 1.45% for

Ron Smith has cumulative earnings of $113,400. This week he is paid $5,000. Assuming the Social Security rate is 6.2% on $128,400 and 1.45% for Medicare, what is the amount of Social Security and Medicare taken out of Ron's earnings?

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