Assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. No one will… 1 answer below »

 
   

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Assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calcula