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Non-Tech : Who Really Pays Taxes?
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To: Lizzie Tudor who wrote (439)8/18/2000 12:59:04 PM
From: BWAC  Read Replies (2) of 666
 
What?

FICA phases out at $76,200. 15.3% Including the employer 1/2 contribution. Max that is required to be paid in FICA:

11,658.

5,829 From the employee.
5,829 from the employer.

edit: There is no cap on Medicare. Add 2.9% total to all above 76,200.
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