Examlex
To become an effective group leader,these authors recommend
Medicare Tax
A federal tax that funds Medicare, a health care program for individuals who are 65 years and older or meet other specific criteria, deducted from employee wages with an employer match.
Social Security Tax Rate
The rate at which income is taxed to fund the Social Security program, typically shared between employees and employers.
Medicare Tax Rate
The percentage of an individual's wages that is withheld or paid toward Medicare, a U.S. government health insurance program.
Net Pay
The amount of an employee's income after all deductions like taxes, insurance, and retirement contributions have been subtracted.
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