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Why is Medicare taxes deducted from your paycheck?

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Because that is how Congress decided to pay for the Medicare program.
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What percentage is taken out of your paycheck for income social security and medicare taxes?

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 so

What is the total percentage of income that will be withheld from employee's paycheck for Social Security and Medicare taxes?

A total of 7.65% of your pre-tax income (6.2% for Social Security and 1.45% for Medicare Hospital benefits) is withheld from each paycheck until you reach the current earnings

Are medicare part b premiums tax deductible?

Yes is the short answer but there are some guide lines to be followed.   How Much of the Expenses Can You Deduct?   You can deduct on Schedule A (Form 1040) only the

What deduction is the largest percentage of paycheck deductions?

Probably the OASDI (FICA) (social security and medicare taxes) all mean the same tax. The maximum social security contribution limit is 6621 No limit on the amount of earn

What are the regular taxes and deductions from your monthly paycheck?

Answer . This will depend upon several variables such as the State you live in, the amount of pay and your companies optional elections.\n. \nHere's few items that you can

Is sales tax deducted from your paycheck?

Many taxes are deducted from your paycheck, but sales tax is not one of them. Sales taxes are collected by a merchant at the point of purchase of most goods and some services.