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In 2000 Michele paid $3.980.40 in Social Security (6.2%) tax. What was Michele's taxable income in 2000? ​
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In 2000 Michele paid $3.980.40 in Social Security (6.2%) tax. What was Michele's taxable income in 2000? ​

User Vilan
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1 Answer

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39840.40 *0.062 = 246.78

The portion of his income that was taxable was equal to $246.78

User Sitifensys
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