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Title: Social Security and MedicareThe required deduction for Social Security is 6.2% OASDI (Old Age ... Post by: jadelga3 on Mar 8, 2023 Social Security and Medicare
The required deduction for Social Security is 6.2% OASDI (Old Age Survivors and Disability Insurance) of wages earned, to a maximum of $97,500 and 1.45% HI (Hospital Insurance, commonly known as "Medicare") for all earnings. Refer to the Social Security and Medicare information. Employers are required to match the employee's deductions and send the total to the IRS. Compute the amount of money that would be sent to the IRS for an employee who earns $52,700 during the period of a year. Title: Re: Social Security and MedicareThe required deduction for Social Security is 6.2% OASDI (Old Age ... Post by: gamblawc on Mar 8, 2023 Content hidden
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