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For 2012, the Social Security (FICA) deduction is 6.2%; the Medicare deduction is 1.45%, for a total of 7.65%. The employer pays the same percentages.
The medicare percentage is 1.45 on all gross earned income money that you work for, for the employer and the employee each.
For 2012, the Social Security (FICA) deduction is 6.2%; the Medicare deduction is 1.45%, for a total of 7.65%. The employer pays the same percentages.
Probably not - in general, child support is a percentage of the obligor's net income.
What federal income tax percent should my employer deduct from my wages
For 2012, the Social Security (FICA) deduction is 6.2%; the Medicare deduction is 1.45%, for a total of 7.65%. The employer pays the same percentages.
The medicare percentage is 1.45 on all gross earned income money that you work for, for the employer and the employee each.
Social security: 6.2%
Social Security Taxes are a Proportional Tax. A Percentage of a person's income is paid to Social Security, this is half of the total amount paid to them, the Other half of a person's Social Security Tax is paid by the Employer.
Yes. Social Security and Medicare are taken out of your income before you see your paycheck. Your employer also pays an additional Social Security and Medicare tax to your account.
Probably not but you should get this information from your employers payroll department. The payments may not be subject to income tax but could be subject to the social security and medicare tax taxes.
Your employer payroll department would have to give you the correct percentage that they will be withholding for all of your federal taxes that they will be required to withhold from your gross income.