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August 30, 2015

Homework Help: Business Math

Posted by Freanda on Sunday, June 8, 2014 at 7:14pm.

What will be the total deduction for social security and Medicare taxes on Juanita's next biweekly paycheck of $2,000 if she has already earned $6,000 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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