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Question
Mr. Juan Pérez works as an employee of a pharmaceutical company and during 2007 receives an annual salary of $ 24,000 and in addition, $ 16,000 for commissions and $ 12,000 for diet and mileage. In addition, the employer makes an annual contribution of $2,160.00 to Mr. Perez's medical plan.
What of the above items are taxable for Social Security purposes?
How much will both employer and employee have to pay for Social Security contributions?
Based on your research, discuss benefits as a competitive advantage using the questions below to guide your discussion:
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