Maxmoneyzone.org Unveils 2016, 2017 Payroll Tax Rates
QuickBooks expert Frank Ellis has published the most recent payroll tax rates for the 2016, 2017 season in a recently launched Maxmoneyzone.org article. The author discusses Social Security and Medicare taxes. The current payroll tax rate for Social Security tax is now 6.2% for employees and employers. That adds up to 12.4% that goes to the government. Medicare tax, Ellis says, is 1.45% for the employee and the employer.
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