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Price Controls, Taxes Hwk Question Completed: 31 of 34 My score: 36.648...

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Accounting

Price Controls, Taxes Hwk
Question
Completed: 31 of 34
My score: 36.648 pts (76.25%)
The portion of the Federal Insurance Contributions Act (FICA) tax paid by employers is 7.65 percent and the portion paid by employees is 7.65 percent (for a total of 15.3 percent). FICA tax? (Note: At the new market wage of $9.48 per hour, employers pay $0.725 in FICA taxes and workers pay $0.725 in FICA taxes for a total of $1.45.)
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