Under current law, Americans pay 6.2% of their salary into their Social Security account, and their employer also contributes an amount equal to 6.2% of the salary to the employee's Social Security account. What would happen if the law were changed so that the employer contributes an amount equal to 12.4% of the employee's salary to the Social Security account, while the employee pays nothing?

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If the law were changed so that the employer contributes an amount equal to 124 of the employees sal... View the full answer