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QuizMultiple Choice

Social Security and Medicare

Question 1 • FL-2102373-Personal Finance and Money Management Honors

Determine the total annual FICA tax for an annual salary of $165,000. Use $106,800 for maximum taxable earnings. a. $901.41 b. $9,014.10 c. $1,262.25 d. $12,622.50 Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
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Determine the total annual FICA tax for an…