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QUESTION
Solve the following problems using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicate tax.
Solve the following problems using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicate tax.
1. What are the withholdings for social security and Medicare for an employee with gross earnings of $825 per week?
