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The Federal Insurance Contributions Act ( FICA ) requires employers to pay Social Security and Medicare for each employee. For the year 2 0 0
The Federal Insurance Contributions Act FICA requires employers to pay Social Security and Medicare for each employee. For the year the employer pays Social Security of of each employee's first $ in wages. The employee is required to match these payments. Determine the Social Security paid by the employer during the year for the typical laborer earning $ per year. This laborer pays $ per month for health insurance, which is not subject to Social Security. Use the rates for the year
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