In a certain year, the maximum taxable income for Social Security was x dollars and the tax
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a. What is the maximum Social Security tax anyone could have paid in that year?
b. Paul had two jobs that year. One employer paid him y dollars and the other paid him p dollars. His total income was greater than x. Each employer took out 6.2% for Social Security. Express the amount that Paul overpaid for Social Security taxes in that year algebraically.
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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