re: #337 marjoriemoon

Ok, I’m wayyy off on that number, but I haven’t looked at it in awhile. I just dug up my last paycheck.

I pay a lot more than that every 2 weeks, but when I calculated it, it came up to about .5% of my annual salary.

Hi marjoriemoon! You’re still just a little bit off. Here’s a chart that shows what the actual percentages are:

FICA and SECA Tax Rates

If you look at the bottom (1990 - later) you’ll see your combined nut is 7.65 percent. Your employer also pays another 7.65 percent, so your total for these is 15.3 percent. If you look at the self-employed column to the right, you’ll see that someone working for himself pays the entire 15.3 percent.