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The employee share of Social Security tax is 7 . 6 5 % on wages of up to 1 3 7 , 7 0 0

The employee share of Social Security tax is

7.65 %

on wages of up to

137, 700 .

If you earn a salary of $

125, 000

from your current employer. You are offered a new job with a

20 %

raise in salary. If you take the new job, what will be the percentage increase in your Social Security tax?

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