Can someone make clear to me the exact excise rate for social warranty and medicare?
Can someone make clear to me the exact tariff rate for social guarantee and medicare?
Answers:
Wartz is correct:
6.2% social protection and 1.45% medicare on earn income just.
Unearned income is not subject to SS and medicare taxes.
On self-employment income you remuneration 15.3% SS and medicare taxes; this is call Self employment tariff.
Social Security, 6.2% of the first $97,500 in taxable wages in 2007. Medicare, 1.45% of adjectives wages.
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Answers:
Wartz is correct:
6.2% social protection and 1.45% medicare on earn income just.
Unearned income is not subject to SS and medicare taxes.
On self-employment income you remuneration 15.3% SS and medicare taxes; this is call Self employment tariff.
Social Security, 6.2% of the first $97,500 in taxable wages in 2007. Medicare, 1.45% of adjectives wages.