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Betsy Is Assessed Payroll Taxes on $136,500 of Income

Question 13

Multiple Choice

Betsy is assessed payroll taxes on $136,500 of income. If her earnings increase to $139,000, how much more will she pay in payroll tax due to the additional income, assuming the Social Security cap is set at $137,700?


A) $36.25
B) $74.40
C) $110.65
D) $191.25

Correct Answer:

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