SOLUTION: Ron Smith has cumulative earnings of 77,800 dollars. This week he grossed 2,000 dollars. Assuming an FICA rate of Social Security 6.2 percent on 113,700 dollars and a Medicare ra
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Question 1041339: Ron Smith has cumulative earnings of 77,800 dollars. This week he grossed 2,000 dollars. Assuming an FICA rate of Social Security 6.2 percent on 113,700 dollars and a Medicare rate of 1.45 percent, what is the amount of Social Security and Medicare taken out of Ron’s earnings this week? Answer by jorel555(1290) (Show Source):
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