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Possibly. You are correct. The employee portion of social security tax is 6.2%. Try deleting the W-2 and re-adding it to correct this entry.
To do this in TurboTax, return to the input screen and follow these steps:
For more information, see: How do I import or enter my W-2?
You entered $4,866.52 in box 3 of TurboTax's W-2 form instead of $48,660.52. Go back and correct that entry.
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