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Mark Has Two Jobs During 2016

Question 39

Essay

Mark has two jobs during 2016. One employer withheld and paid FICA taxes on $70,200 of Mark's salary and the other employer withheld and paid FICA taxes on $48,800 in salary paid to Mark. Calculate the amount of Mark's credit for the overpayment of Social Security taxes that he should claim on his 2016 Form 1040.

Correct Answer:

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$31.00 = 6...

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