Question: The Social Security Administration increased the taxable wage base from $137,700 to $142,800. The 6.2% tax rate is unchanged. Joe Burns earned over $132,400

The Social Security Administration increased the taxable wage base from $137,700 to

The Social Security Administration increased the taxable wage base from $137,700 to $142,800. The 6.2% tax rate is unchanged. Joe Burns earned over $132,400 each of the past two years. What is the percent increase in the base? Note: Round your answer to the nearest hundredth percent. Percent increase

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