Write-In Candidates running for President in 2016. List Of candidates running for the office of the President Of The United States who have filed Form 2 with the Federal Election Commission. Each individual who is a candidate for federal office must file an FEC Form 2 within 15 days of becoming a candidate.
How the Social Security payroll tax works now. The Social Security payroll tax rate is currently 6.2%, although it's not quite that simple. First of all, not all wages are subject to Social Security tax. As of 2016, only the first $118,500 is used to calculate Social Security tax -- anything above that amount is ignored. In other words, a worker who earns $118,500 per year pays the same Social Security tax as a worker who earns $1,000,000.
Social Security and Medicare Taxes Effective Jan. 1, 2018 Wages for Social Security and Medicare calculations are defined as Gross Pay, Longevity, Hazardous Duty, and USS less insurance premium redirect, flex contributions and pre-tax parking. Social Security and Medicare taxes are calculated as follows: Social Security â Wages for Social Security x 6.2 percent, up to the annual IRS wage limit of $128,400 Medicare â Wages for Medicare x 1.45 percent. An additional Medicare tax of 0.9 percent applies to all wages above $200,000 for a combined rate of 2.35 percent.