Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

What is the difference between Social Security and Medicare taxes?

user-image
Question ajoutée par Yazan Ahmad , programmer , wysada
Date de publication: 2017/01/16
Ahmed mohsen
par Ahmed mohsen , Senior Accountant , Main Poly Clinic

The Medicare tax is withheld from each employee's wages and is matched by the employer. This makes the total Medicare tax equal to 2.9% on every dollar of wages. The combination of Social Security taxes and Medicare taxes is referred to as FICA.

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
par Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

fully accepted with  the previous answers

Soliman Abd  ALmalak Gendy
par Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

They're not the same. _Social Security tax is6.2 ℅and is based on each employee,s wages (the base amount increases each year) _Medicare taax is 1.45℅ and is based on each employee,s wages without limit

More Questions Like This