Question

The tax rate for medicare is 6.2%

True
False

Answer 1

False

Explanation:


Fica's Medicare Tax rate is 6.2% But The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.Jan

Answer 2

1.45% for the employer and 1.45% for the employee, or 2.9% total. So false