What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960.00, if she has already earned $42,560.00 this year? (Social security tax is 6.2% of gross wages up to $117,00. Medicare tax is 1.45% of all gross wages.)
A) $283.52
B) $302.94
C) $101.87
D) $242.92
B
Business
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