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What would be the total amount of Medicare and Social Security taxes that the employer should withhold on the last week of the year from
What would be the total amount of Medicare and Social Security taxes that the employer should withhold on the last week of the year from an employee who earns $3,000 per week and has worked for the employer the entire year?
Correct answer: $43.50
Is there a reason that Social Security tax rate of 6.2% plays no role in this question?
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