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Your employer pays half (6.2% FICA, 1.45% Medicare) and you pay half (6.2% FICA, 1.45% Medicare).
You pay your half by having it deducted from your check. Since I can't see your amounts, I'll make some up:
Say you made $100. You would have 6.2% FICA and 1.45% Medicare tax withheld, so you would receive
100-6.20-1.45 = 92.35.
Your employer would pay the government its share, $7.65 plus your $7.65, for a total of $15.30.
They just showed it on your check like that.
If you still think there's something wrong, post back to this thread and I'll help you.
Is there any deduction/credit allowed for paying the "normally employer share" of FICA & medicare tax?
the "employer" did not pay the Fica & medicare tax since on a 1099
"employer" did not pay IRS or deduct employee share -- since as independent contractor on 1099 not required to -- just wondered if a self employed person, the employer portion is deductible on personal deduction side
If you received a 1099-MISC for work you performed, you are considered an independent contractor, and you will be responsible for your federal tax and FICA. FICA includes 12.4 percent in Social Security taxes and 2.9 percent in Medicare taxes for a total of 15.3%. When you are paid on a W-2, you are responsible for only 1/2 of the FICA. Your employer pays the other half. However, when you are paid on a 1099, you are responsible for all 15.3% (known as SE tax), plus your federal income tax. You will receive a deduction on Line 14 of Schedule 1 for 1/2 of your SE tax. TurboTax will calculate this deduction automatically for you.
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