Question: Using the same factors that applied in the Shun brothers example, calculate the Social Security tax for Larry (earned wages of $60,000) Michael (earned salary

Using the same factors that applied in the Shun brothers example, calculate the Social Security tax for Larry (earned wages of $60,000) Michael (earned salary of $2 million) and Sam (dividend income of $25 million).

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Based on 2012 figures Larry will pay 00765 x ... View full answer

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