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Do you know how much Social Security tax you’ll pay this year?
Every worker knows that their take home pay is a little smaller each payday because of a withholding called FICA, a large part of which is Social Security tax. But do you know how that tax is calculated, how much of your earnings is taxable, and what to do if you paid too much? This article by Matthew Frankel at The Motley Fool explains how to calculate your Social Security taxes, as well as some other important information. Click here to read more.
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