Assume a tax rate of 62 for social security on the first, Financial Management

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Assume a tax rate of 62 for social security on the first

Molly Flynn, an accountant of Coor Company, earned $96,800 from January to June. In July, Molly earned $4,600. Assume a tax rate of 6.2% for social security on the first $97,500 and Medicare of 1.45%. How much is the tax for Social Security and Medicare?

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Financial Management: Assume a tax rate of 62 for social security on the first

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