Mathematics, 06.05.2020 20:01 ceburns23

The limit in 2008 for FICA tax was 102,000. So if an individual makes $314,000 in one year, how much in "continuing" medicare tax will they have to pay? (Medicare tax is 1.4% for individuals and 2.9% for the self-employed.)

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The limit in 2008 for FICA tax was 102,000. So if an individual makes $314,000 in one year, how much...

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