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Why is Turbo Tax calculating social security at 0.62% instead of 6.2%?
I was entering a tax return with a gross of 48,660.52. The amount deducted for social security was 3016.95, which is 6.2%. Turbo Tax is saying that it should have only been 301.72. Am I missing something?
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‎February 16, 2021
7:54 AM