the social security administration increased the taxable wage base from $106,800 to $110,100. the 6.2% tax rate is unchanged. joe burns earned over $120,000 each of the past two years.
a.
what is the percent increase in the base? (round your answer to the nearest hundredth percent.)
percent increase
%
b.
what is joe’s increase in social security tax for the new year? (round your answerto the nearest cent.)
increase in social security tax
$