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
6,200.60
The federal marginal income tax rate bracket amounts would be from the 25% to the maximum 35% amount for income over 100000 in the year 2009.
6000 is 100000 percent of 6.
It is: 100%
100000 in % is 10000000%
1000 as a percent = 100000%= 1000 * 100%= 100000%
93% of 100000 = 93000
20% of 100000= 20% * 100000= 0.2 * 100000= 20,000
100000 + 20% = 100000 + (20/100)(100000) = 100000 + (.2)(100000) = 100000 + 20000 = 120,000
60% of 100000 = 60,000
35% of 100,000= 35% * 100000= 0.35 * 100000= 35,000
19.77 percent of 100000 = 18.386119.77% of 93= 0.1977 * 93= 18.3861