What will be the total deduction for social security and Medicare taxes on Mia's next weekly paycheck

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What will be the total deduction for social security and Medicare taxes on Mia's next weekly paycheck of $1,480 if she has already earned $23,680 this year? Social security tax is 6.2% of wages up to $106,800. Medicare tax is 1.45% of all wages.

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Posted Date: Jan 03, 2021 01:40 AM

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What will be the total deduction for social security and Medicare taxes on Mia's next weekly paycheck

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Total earnings148023680 25160 To... View the full answer

Financial Algebra advanced algebra with financial applications

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