BUISENESS MANAGEMENT
TAXES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the tax rate removed through payroll tax for Medicare
|
|
1.65%
|
|
|
1.25%
|
|
|
1.45%
|
|
|
1.50%
|
Explanation:
Detailed explanation-1: -The employee tax rate for Medicare is 1.45%-and the employer tax rate is also 1.45%. So, the total Medicare tax rate percentage is 2.9%. Only the employee portion of Medicare taxes is withheld from your paycheck. There’s no wage-based limit for Medicare tax.
There is 1 question to complete.