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Todd McCan earns a salary of $180,000 per year. Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount
Todd McCan earns a salary of $180,000 per year. Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum. Assuming the Social Security maximum base amount is $128,400, how much will be withheld during the year for Peterson's Social Security and Medicare taxes. (Round your answers to the nearest dollar amount.) Group of answer choices $13,770. $2,610. $10,571. None of the other answer choices
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