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eod1088
New Member

What percentage is social security taken out of your gross earnings

 
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JaimeG
New Member

What percentage is social security taken out of your gross earnings

The current tax rate for social security is 6.2% to the employee, this is the amount you pay. The employer must match this contribution so the total contribution (on your behalf) into Social Security is 12.4% of your Gross Income.
https://www.irs.gov/taxtopics/tc751.html

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1 Reply
JaimeG
New Member

What percentage is social security taken out of your gross earnings

The current tax rate for social security is 6.2% to the employee, this is the amount you pay. The employer must match this contribution so the total contribution (on your behalf) into Social Security is 12.4% of your Gross Income.
https://www.irs.gov/taxtopics/tc751.html

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