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Rory earns $60,000 per year as a college professor. Latesia is a marketing executive with salary of $120,000. With respect to the Social Security tax,
Rory earns $60,000 per year as a college professor. Latesia is a marketing executive with salary of $120,000. With respect to the Social Security tax, what are Rory's and Latesia's Total taxes? Marginal tax rates? Average tax rates? Effective tax rates? For each of the following, explain whether the rate structure is progressive
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