Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is...
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Accounting
Calculating Social Security and Medicare Taxes
Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings.
if required, round your answers to the nearest cent.
If required, round your answers to the nearest cent
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