Which tax is only paid by the employees 2024?
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Studied at the University of Cambridge, Lives in Cambridge, UK.
As of 2012, an employee pays 4.2 percent of taxable wages, up to $110,100 for the year in social security tax and 1.45 percent of all taxable wages for Medicare tax. An employer pays 6.2 percent of taxable wages up to $110,100 for the year in social security tax and the same amount as the employee for Medicare tax.
2023-05-26 14:33:15
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Benjamin White
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As of 2012, an employee pays 4.2 percent of taxable wages, up to $110,100 for the year in social security tax and 1.45 percent of all taxable wages for Medicare tax. An employer pays 6.2 percent of taxable wages up to $110,100 for the year in social security tax and the same amount as the employee for Medicare tax.
