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how to calculate social security wages from paystub

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shyllomoo4L

Answer:

Starting with an employee's gross wages  hours worked multiplied by hourly rate, or fixed salary amount for the payroll period  subtract any qualifying pre-tax deductions. The result is the taxable income. Convert the 6.2 percent Social Security withholding rate to a decimal by dividing 6.2 by 100 to get 0.062.

Explanation:

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