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The employer withholds 7.65% of the gross wages for the social security and medicare taxes.

When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60

If you have more than one employer and your combined wages reported on your W-2 are more than the 106800 amount and your withheld social security amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return when you file the 2010 tax return in the year 2011.

100,000 X 7.65% = 7,650

7650 + 236 = 7,886

100000 - 7886 = 92,114

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14y ago
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Q: What is the net pay of 1210 current gross prior week 42710 SSN 6 percent of 100000 Medicare 1.5 and federal income tax 236?
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