| Social
Security Taxes - FICA |
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| n | FICA
tax is a combination of a 6.2% social |
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| security
tax and a 1.45% Medicare tax. |
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| n | The
social security tax is assessed on wages up |
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| to
$97,500 in 2007 (changes every year); the |
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| Medicare
tax is assessed on all wages. |
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