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lectur11-page20 - as the Medicare Hospital Insurance Fund...

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20 Social Security Issues: HI TAX: Federal Hospital Insurance. The 2000 rate of tax is 1.45 percent without a wage limit. The maximum tax is therefore unlimited What we call “medicare” was established in 1966 and is officially referred to
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Unformatted text preview: as the Medicare Hospital Insurance Fund or HI. The tax on wages for medicare is 1.45% for the year 2000, and there is not wage limit associated with this tax....
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