For 2019, Eric is a self-employed financial consultant. During the current year, Eric's net self-employment income is $132,150. The OASDI rate is 6.2%; the MHI rate is 1.45%. Hint: OASDI 6.2% tax is on the first $132,900 for the year. Note: Round all calculations to the nearest cent. What is Eric's self-employment tax?
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