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Question 6.3.3: Find the Social Security tax and the Medicare tax paid by Ta......

Find the Social Security tax and the Medicare tax paid by Ta Shon Williams, a self-employed web designer who had adjusted earnings of $53,820 this year.

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 Social Security tax = $53,820 × 12.4% = $53,820 × .124  =    $6673.68

 Medicare tax = $53,820 × 2.9% = $53,820 × .029           = \underline{+ \$1560.78}

                                                                                                      Total   $8234.46

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