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What is the percent increase in the base

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Question - The Social Security Administration increased the taxable wage base from $118,300 to $120,100. The 6.2% tax rate is unchanged. Joe Burns earned over $120,000 each of the past two years.

a. What is the percent increase in the base?

b. What is Joe's increase in Social Security tax for the new year?

Reference no: EM132131596

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