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Mathematics, 05.12.2020 20:50 victoria6929

Most people know that social security and medicare taxes are deducted from their paychecks. As a new restaurant owner, you learn that you have to match these payments as the employer. You have budgeted a yearly payroll of $500,000. The taxes are 6.25% for social security and 1.4% for medicare. What will your yearly payroll really cost you with these taxes added?

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