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In 2016,the Maximum Taxable Income for Social Security Was $118,500,and

Question 3

Multiple Choice

In 2016,the maximum taxable income for Social Security was $118,500,and the rate was 6.2%.The rate for Medicare tax was 1.45%.If Jessica's taxable income as an attorney was $152,000 that year,how much did she pay in FICA taxes?


A) $2,204
B) $9,551
C) $9,424
D) $11,628

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