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Math

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Laurie expects to make $100,000 in 2007. Her social security tax rate is 6.20% up to the
wage base, Medicare is 1.45%. How much FICA is Laurie expected to pay for the year

  • Math -

    F.I.C.A. = 0.062*97,500 + 0.0145*100,000 = 6045 + 1450 = $7495.

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