One possible solution to a diminishing social security payroll is to increase the social security tax by 1.89%. how would such an increase effect the tax on an annual salary of $54,000? a. annual tax would increase by $1,020.60. b. annual tax would increase by $2,327.40. c. annual tax would increase by $3,348.00. d. annual tax would increase by $4,368.60. please select the best answer from the choices provided a b c d

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07-11-2022
Business

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One possible solution to a diminishing social security payroll is to increase the social security tax by 1.89%. how would such an increase effect the tax on an annual salary of $54,000? a. annual tax would increase by $1,020.60. b. annual tax would increase by $2,327.40. c. annual tax would increase by $3,348.00. d. annual tax would increase by $4,368.60. please select the best answer from the choices provided a b c d

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