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No more than 1.45% of your taxable gross income should be deducted from your paycheck for medicare. There isn't a cap on wages for medicare like there is for social security, so there will never be a point at which you're done contributing to medicare.

2006-07-29 07:51:35 · answer #1 · answered by SuzeY 5 · 1 0

Medicare is 1.45% of gross income and has no limit to how much can be taken out, unlike social security, which has a set maximum amount that can be taken out total. It was $90,000 in 2005.

2006-07-29 22:12:15 · answer #2 · answered by Josh 4 · 0 0

Medicare tax is 1.45% of your gross wages. There is no limit on taxable medicare wages.

2006-07-29 17:48:22 · answer #3 · answered by Ren 3 · 0 0

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