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Solve for the Social Security contribution if the percentage deduction is 8.5% for the income of $112, 000

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Answer:$9,520.

Explanation:

o solve for the Social Security contribution, you can use the following formula:Social Security contribution = (percentage deduction/100) x incomeSubstituting the given values:Social Security contribution = (8.5/100) x $112,000

= $9,520Therefore, the Social Security contribution for an income of $112,000 with a percentage deduction of 8.5% is $9,520.

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