What will be the total deduction for social SECURITY and MEDICARE taxes on Amishi's next weekly paycheck of $700 if she has already earned $22,400 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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(700 * 0.062) + (700 * 0.0145) = ?
1 answer