Question

 What is the tax rate for Social Security?

Answer The Social Security tax rate is 12.4 percent; however, the employee is only required to pay 6.2 percent of this amount. The employer must match the remaining 6.2 percent. Self-employed individuals ... Read More »
http://www.answerbag.com/q_view/2050602

Top Q&A For: What is the tax rate for Social Security

What is the Social Security rate?

Every year, your federal taxes include a Social Security tax, with the revenue paid into a Social Security account from which you are supposed to receive payouts later in life. Since 1965, the gove... Read More »
http://www.answerbag.com/q_view/2074990

What is the social security tax rate for 2009?

For 2009, the Social Security tax rate was 7.650 percent. Of the 7.650 percent, 6.2 percent goes toward Old-Age, Survivors, and Disability Insurance and 1.450 percent goes toward Hospital Insurance... Read More »
http://www.answerbag.com/q_view/2077077

What was the Social Security tax rate in 1970?

In 1970, the Social Security tax rate was 8.4 percent on employee earnings and 6.3 percent for self-employed earnings. The 8.4 percent tax on employee earnings was split between the employer and em... Read More »
http://www.answerbag.com/q_view/2067654

What was the Social Security tax rate in 1935?

In 1935, both the employee and the employer were required to pay 1 percent each on the first $3,000 of income. The rate gradually rose to 3 percent for both the employee and the employer on the fir... Read More »
http://www.answerbag.com/q_view/2014192


feedback
loading