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What is the aveage percentage Social Security and Medicare takes out of an average American's paycheck?

2007-07-06 09:38:49 · 1 answers · asked by banishedman 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

It's exactly 6.2% for Social Security on the first $97,500 in wages and 1.45% for Medicare on all wages.

If you're self-employed, double those percentages.

2007-07-06 10:14:43 · answer #1 · answered by Bostonian In MO 7 · 6⤊ 0⤋

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