2007-04-05 12:25:09 · 5 answers · asked by martinmrmar 1 in Business & Finance ➔ Taxes ➔ United States
Yes that is normal. Everyone has to pay taxes, SS and medicare. Medicare is the federally funded health insurance program for seniors (and others). Benefits through your employer are different -- they are arranged with a private insurance company and your employer or you pay the bill.
2007-04-05 12:34:30 · answer #1 · answered by htarsmj 2 · 2⤊ 0⤋
Yes, the medicare tax coming out of your paycheck is federally mandated and intended to pay for medicare when you retire. It works the same way as the social security tax coming out of your check. The rate is 1.45% if you are employed, and twice that if you are self-employed. (Your employer pays half when you are an employee).
2007-04-05 19:41:04 · answer #2 · answered by Amy F 3 · 0⤊ 0⤋
Yes, if you're an employee, both social security and medicare taxes would be deducted from each paycheck.
2007-04-05 22:11:16 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Yes, everyone pays social security and medicare out of their paycheck. You pay half and your employer has to pay the other half. if you are self-employed, then you have to pay the entire thing.
2007-04-05 19:35:38 · answer #4 · answered by donna 2 · 1⤊ 0⤋
No,your getting screwed.Tell your boss.
2007-04-05 19:28:58 · answer #5 · answered by gotabedifferent 5 · 0⤊ 3⤋