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Juan Changed Jobs in 2016

Question 21

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Juan changed jobs in 2016.He earned $67,233 working at an insurance company for the first 7 months of the year.When he switched jobs to a textbook company,he was able to negotiate a higher salary and earned $76,144 for the remainder of the year.How much can Juan expect his tax refund to increase in 2016 due to overpaying Social Security taxes?

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