How do i calculate medicare taxes?

Answer Look up the Medicare tax rate on the Social Security Administration's website. For 2010, the rate is 2.9 percent.Divide the rate by 2 if you are an employee for tax purposes. If you are self-employ... Read More »

Top Q&A For: How do i calculate medicare taxes

Can I deduct Medicare part B in my taxes?

Medicare part B is a form of heath insurance. Health insurance premiums are tax deductible under medical expenses on your itemized deductions. Any insurance premium, including Medicare part B, can ... Read More »

Do I pay taxes if I'm on SS disability& Medicare& have no earned income?

If you have no earned income, you have no requirement to pay taxes on Social Security disability or Medicare. If you make more than $25,000 annually, you will have to pay taxes on your disability i... Read More »

How to Calculate Medicare Set-Aside?

In 1985, Congress enacted the Medicare Secondary Payer statute as a way to reduce costs for the federal government. The statute established that Medicare will not cover costs a responsible body -- ... Read More »

How to Calculate Taxes on a Car?

Unless you live in a state that does not charge sales tax on car purchases, such as Delaware or Montana, you're going to have to calculate the sales tax you'll pay on your new vehicle. Because of t... Read More »