re: #366 subsailor68

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.

Well math was never my strong suit :) but I’m still not getting that percentage on my annual salary. I do have money coming off the top for 401K so maybe that has something to do with it?