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 Fws Form 3 2369 2014

D941 501 2014-2024 Form

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What is a W-9 tax form? What is a W-9 tax form?

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Instructions and help about detroit michigan d941 501

I welcome the easy payroll guy my name is Karen Hutchinson and in this video we're going to talk about how to calculate Medicare taxes are also imposed on the employer and the employee the employer and the employee will split this tax so one point four five percent is withheld from the employees paycheck and pay to the IRS on behalf of the employee the other one point four five percent is paid by the employer so two point nine percent is paid to the IRS in Medicare taxes half of which is paid by the employee and the other half which is paid by the employer let's just take a quick scenario and this will be the same scenario that we calculated in the above video for Social Security we have an employee who is five thousand dollars in taxable wages this time we're going to calculate the Medicare expenses the employee portion of Medicare is one point four five percent which is point zero one four five if we multiply that by five thousand dollars we end up with a total of seventy-two dollars

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