Rans wage income is $47,350 in 2019. The combined employer and employee FICA tax rates that apply

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Ran’s wage income is $47,350 in 2019. The combined employer and employee FICA tax rates that apply to Ran’s wages are:

a. 15.3% for Social Security and Medicare

b. 6.2% for Social Security and Medicare

c. 1.45% for Medicare

d. 7.65 for Social Security

e. None of the above

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Question Posted: Aug 24, 2020 09:04 AM

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Rans wage income is $47,350 in 2019. The combined employer and employee FICA tax rates that apply

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Income Tax Fundamentals 2020

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