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Business, 01.06.2021 16:10 23rwilliamson

Michael Miller is paid twice a month and had total gross earnings as of 10/15 of $127,000. His gross earnings for the period ending 10/31 were $6,000. If social security taxes are 6.2% on a maximum earnings threshold of $132,900 per year and Medicare tax is 1.45% on all earnings, how much social security tax will be paid by Michael and how much will be paid by his employer for the period ending 10/31?

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Michael Miller is paid twice a month and had total gross earnings as of 10/15 of $127,000. His gross...

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