The Federal Insurance Contributions Act (FICA) is made up of
two items, Social Security and Medicare taxes. For 2016, the Social Security
tax rate is 6.2% on the first $118,500 wages paid. The Medicare tax rate is
1.45% on the first $200,000 and 2.35% above $200,000. Since the total earnings is
only $110,700 which is not yet taxable. So there is no taxable earnings yet.
Answer:
(1, 4)
Step-by-step explanation:
5x-2y=-3 -2x-y=-6 =>
5x-2y=-3
-2x-y=-6 Multiply all three terms by -2: 4x + 2y = 12
Then we have:
5x-2y=-3
4x + 2y = 12
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9x = 9 and so x = 1. Then, using -2x - y = -6, and substituting 1 for x:
-2(1) - y = -6, or
2 + y = 6, or
y = 4
Then the solution is (1, 4)