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3 years ago

12

your FICA taxes need to be calculated so they can be deducted.The Social Security tax rate is 6.2% to a maximum taxable income o

f 142,800.The Medicare tax rate is 1.45% of all earnings paid

1 answer:

LenKa [72]3 years ago

8 0

Answer:

Multiply the income by 0.0765. In the instance of $142,800 it'd be $10924.20

Step-by-step explanation:

1.45+6.2

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