How much is tax for social security and medicare combined

Reference no: EM13187120

Molly Flynn , an accountant fo Coor Corporation, earns $106,200 from January to June. In July, Molly earned $8,000. Assume a tax rate of 6.2% for Social Security on $106,800 and Medicare of 1.45%. How much is the tax for Social Security and Medicare combined?

Reference no: EM13187120

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