not married, live with parents... if that helps
2007-11-29 19:04:03 · 8 answers · asked by spviper 1 in Business & Finance ➔ Taxes ➔ United States
6.2% for fica
1.45% for medicare
total is 7.65% until wages exceed $97,500. Then it's medicare only.
2007-11-29 19:15:20 · answer #1 · answered by Anonymous · 3⤊ 0⤋
A bit over 6% from the first $97,500 of your gross pay. Your employer contributes an equal amount. Marital status does not affect the amount.
http://en.wikipedia.org/wiki/Social_Security_(United_States)
2007-11-29 19:52:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Social Security is withheld at 6.2% of the first $97,500 (for 2007) in annual wages. Medicare is withheld at 1.45% of all wages.
2007-11-29 20:48:09 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Social security and medicare between them take 7.65% of your paycheck. Your employer also pays a matching amount.
2007-11-30 01:15:35 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
SS tax is _not_ like income taxes ... it is not based on marital status or number of dependents (or being a dependent).
To find out the tax rate, when you get your paycheck:
divide the SS tax by your gross income ... the result you get
is the tax rate.
2007-11-29 19:10:18 · answer #5 · answered by Meta Irie 2 · 0⤊ 0⤋
Social Security - .062 (6.2%)
Medicare - .0145 (1.45%)
2007-11-29 23:21:03 · answer #6 · answered by Gary 5 · 0⤊ 0⤋
12.6% total. You pay half and your employer pays the other half.
2007-11-29 19:07:46 · answer #7 · answered by Pat R 6 · 0⤊ 3⤋
about 12.5%
2007-11-29 19:05:57 · answer #8 · answered by GG 7 · 0⤊ 3⤋