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Using the payroll tax rates discussed in the text and the maximum taxable wage bases for 2003 of $87,000, calculate the payroll tax (OASDI and
Using the payroll tax rates discussed in the text and the maximum taxable wage bases for 2003 of $87,000, calculate the payroll tax (OASDI and HI combined) that would be paid by the employee and employer for each of the following amounts (a) 20,000; (b) 35,000; (c) 50,000; (d) 100,000; and (e) 150,000.
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