Question: I need help with this question An employee earned $46,600 during the year working for an employer when the maximum limit for Social Security was
I need help with this question
An employee earned $46,600 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is
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