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You are 19 and earn the minimum wage of $7.25 at your work-study program in college. This year, you worked a total of 950 hours. What are your total earnings? How much will be
withheld for Social Security taxes? How much will your employer pay for you? What is the
total amount paid into your account? Assume a 6.2% tax for Social Security.

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You are 19 and earn the minimum wage of $7.25 at your work-study program in college. This year, you...

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