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Should the amount of social security taxes withheld be the same amount as my social security wages?ieboxes 3and4 on myW2. Im not retired or collecting any socialsecurity

does this apply to medicare as well? ie boxes 5 and 6
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Should the amount of social security taxes withheld be the same amount as my social security wages?ieboxes 3and4 on myW2. Im not retired or collecting any socialsecurity

On your W-2 Boxes 3 and 5 should be the gross amount of wages received in 2021. 

Box 4 for SS taxes withheld should be 6.2% of box 3 SS wages. 

Box 6 for Medicare taxes withheld should be 1.45% of box 5 Medicare wages.

Should the amount of social security taxes withheld be the same amount as my social security wages?ieboxes 3and4 on myW2. Im not retired or collecting any socialsecurity

Boxes 3 & 4 should not be the same amount ... box 4 should be box 3 x .062%

 

Boxes 5 & 6 should not be the same amount ... box 6 should be box 5 x .0145%

 

Box 1 can be less than boxes 3 or  5  and boxes 3 & 5 do not need to be the same amount. 

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