Question: The current tax rate for social security is 6 . 2 % for the employer and 6 . 2 % for the employee, or 1

The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.
Question 7 options:
a) Trueb) False

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