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Molly, an accountant at Coore Company, earned $139,400 from January to June. In July, Molly earned ...

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Molly, an accountant at Coore Company, earned $139,400 from January to June. In July, Molly earned ...

Molly, an accountant at Coore Company, earned $139,400 from January to June. In July, Molly earned $4,600. Assume a tax rate of 6.2% for Social Security on the first $142,800 and a Medicare rate of 1.45%. How much is the tax for Social Security and Medicare?

Note: Round your answers to the nearest cent.

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Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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