Illustrate how the outcome would differ

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Currently, the Social Security payroll tax is legally imposed equally on workers and employers: 7.65 percent for employees and 7.65 percent for employers. Show this graphically, being careful to distinguish between the total cost to the employer of hiring a worker, the employee's gross wage, and the employee's net wage. Show how the outcome would differ if all 15.3 percent were imposed on the employee or if all 15.3 percent were imposed on the employer."

Reference no: EM1354355

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