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1.45% of your gross income.

Employer pays additional 1.45% that does not come out of your income.

There are no income limits on medicare tax, so all covered wages are subject to medicare tax.

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12y ago
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14y ago

7.65% from th employee and the employer pays the same amount on the employees behalf. Wages subject to FICA is defined slightly differently than for other purposes, so somethings may be considered (or ignored) for FICA compared to your "salary". There is an upper limit for the SS portion - about $106,800 in 2009 I believe.

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Wiki User

8y ago

The percentage of withholding is based on what year it is as they have changed somewhat. Social Security Taxes in 2015 paid by the employee is 6.20% up to $118,500. Medicare Taxes this year is 1.45% on all income and an additional 0.9% on all income over $200,000 for a total of 2.35%.

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13y ago

20 year old single male:

1.5%

Employer's match the 1.5% for a total of 3% (.03)

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Wiki User

15y ago

It isn't taken on Gross Wages..it is taken on Medicare Taxabale Wages...which is a different calculation and different yet from FICA wages.

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14y ago

The employer and the employee each contribute 1.45%.

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13y ago

The employee and employer pay 1.45% each - a rate that's hasn't changed in 20 years.

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10y ago

1.45%

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Anonymous

Lvl 1
3y ago

1.45

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Q: What percent of gross pay is withheld for medicare?
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Related questions

How much did Etta have withheld from her yearly pay for medicare?

472.04


Why is your part time employer withholding medicare ins pay?

Medicare is withheld from virtually all earnings.


Can FICA and medicare be withheld monthly from paychecks?

The required amounts are calculated on your gross earning for each pay period and withheld at that time before your net take home paycheck is issued to you. Your employer is required to withhold the required amounts for FICA, (social security and medicare tax), (OASDI) old age survivors and disability insurance) payments from your gross wages, salary, earnings for each pay period. If you only paid once a month then the amounts would be withheld each month.


What are the wages before any deductions are withheld from a paycheck?

Gross pay


Felicia is a manager at the all you can eat buffet she earns 38550 annually if she pays 6.2 percent of her annual income toward social security and 1.45 percent of her income toward medicare how much?

Felicia should ask her employer about any other amounts that will have to be withheld from her gross annual pay of 38550 that will have to be withheld before she will be able to determine her annual net take home pay. 38550 X .0765 = 2949.08 38550.00 -2949.08 =35600.92 and then she will still have other amounts that will be withheld before she will be able to determine how much her actual net take home pay will be.


What is the tax withholding percentage deducted depending on the amount of gross pay earned?

All tax the is withheld from your paycheck is based on your gross income for the pay period. The percentage for FICA for the employee is 6.2% and for Medicare tax is 1.45% of your gross income. Now the State and Federal Income tax withheld is based on your gross income but is not just a percentage. There are tax tables that give the amount to be withheld and it takes into account the filing status of the employee and the number of exemptions he/she claims on their W-4 form. The employee can also have additional flat amounts withheld in addition to the tax table amounts. The taxpayer can also claim exempt from Federal and/or State withholding if they did not owe any tax in the previous year and do not expect to have any tax due in the current year. The employee is completely responsible for these actions. The employer matches the FICA and Medicare Taxes that are withheld from the paycheck, so in effect the employer and employee each pay half of these taxes.


A number that reduces the amount of money withheld from your pay?

The total Percentage amount of withholding for all items from gross wages or gross income. After the total Percentage amount is withheld from your gross pay amount then your net take home paycheck would be issued to you.


Are state and federal taxes taken out in the state of Alabama?

Yes they are withheld from your gross pay.


Your paychecks gross was 2903.00 and 520.00 was taken out in federal tax was this right?

It is possible that the withheld amount is correct. You will have to get with the payroll department and ask them if the correct amount has been withheld from your gross pay before the check was printed for your net take home pay amount.


How do you calculate your gross earnings?

The amount of income tax that is taken out each year changes and depends on how much you make. However, you will have to pay the standard social security and Medicare taxes. Most people have 10 to 15 percent of their income withheld for taxes.


What percentage of gross pay equals net pay?

The amount is not a straight percentage. Gross pay is the amount you are paid before any tax withholding. Net pay is the amount you take home after taxes are withheld from your paycheck.


What do the gross pay and net pay mean?

Gross pay is the amount of your earnings, wages, salary, tips, etc before any withholding is calculated to be withheld from the gross pay to equal what your net take home pay will be in your paycheck that will be issued to you. You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc that they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will be issued for the net amount of your earning (wages).