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Solved Drill Problem 9-18 [LU 9-2 (1)] Assume a tax rate of - Chegg
WebOct 14, 2024 · The Social Security (OASDI) withholding rate is gross pay times 6.2% up to that year's Social Security income cap. This is your portion of the Social Security payment. The employer pays 6.2% with no limit. The Medicare withholding rate is gross pay times 1.45%, although high-income individuals will pay an additional 0.9%. WebJan 24, 2024 · FICA — Med — This refers to the Federal Insurance Contributions Act — Medicare that you contribute 1.45% of your pay to. FICA — SS — This refers to the … how to set up greenhouse
Assume a tax rate of 6.2% on $128,400 for Social Chegg.com
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