What will be the total deduction for social security and Medicare taxes on Mary's next weekly paycheck of $1,780 if she has already earned $32,040 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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(1780 * 0.062) + (1780 * 0.0145) = ?
1 answer