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SOLVED: In the paystub below, fill in the missing amounts, given the FICA tax rates (round to the nearest cent, if necessary):Weekly salary amount: 508Social security tax rate: 6.2%Social security tax deduction: ?Medicare tax rate: 1.45%Medicare tax deduction: ?Total deduction for FICA taxes: ?

SOLVED: In the paystub below, fill in the missing amounts, given th…

SOLVED:The Social Security tax rate for employees is 6.2 percent, and the Medicare tax rate is 1.45 percent. Are both parts of the FICA tax proportional? Give reasons for your answer.

SOLVED:The Social Security tax rate for employees is 6.2 percent, …

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