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Author Question: Daniel earns $125,448 annually and is paid monthly. How much Social Security tax will be deducted ... (Read 131 times)

jhjkgdfhk

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Daniel earns $125,448  annually and is paid monthly. How much Social Security tax will be deducted from his December earnings? How much Medicare tax will be deducted from his December earnings? Social security tax is 6.2% and Medicare tax is 1.45%. Round to the nearest cent.
◦ Social Security tax = $2173.70
Medicare tax = $1515.83
◦ Social Security tax = $21.74
Medicare tax = $15.16
◦ Social Security tax = $218.37
Medicare tax = $152.58
◦ Social Security tax = $217.37
Medicare tax = $151.58


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Marked as best answer by jhjkgdfhk on Feb 26, 2020

adammoses97

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jhjkgdfhk

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Reply 2 on: Feb 26, 2020
Excellent


pratush dev

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Reply 3 on: Yesterday
:D TYSM

 

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