Short Answer
Social Security and Medicare
The required deduction for Social Security is 6.2% OASDI (Old Age Survivors and Disability Insurance) of wages earned, to a maximum of $97,500 and 1.45% HI (Hospital Insurance, commonly known as "Medicare") for all earnings.
-Refer to the Social Security and Medicare information. Jamie Albertson earns a monthly salary of $8,500. Compute the amount deducted for Social Security and Medicare from Albertson's December paycheck.
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$371.25 (97,500 F1F1F...View Answer
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