Mathematics, 16.12.2021 19:10, SophieCasey

In 2011, the Social Security tax rate was lowered from 6.2% to 4.2% to help stimulate the economy. How much did a worker who earned $40,000 (which is less than the max taxable income for SS in 2011) save on FICA taxes with this reduction?

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In 2011, the Social Security tax rate was lowered from 6.2% to 4.2% to help stimulate the economy. H...