How much is the tax for social security and medicare

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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?

Reference no: EM131529251

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