Question

What is social security tax withheld of a waiter making $400 weekly?

Answer 1

Social security : 24.80

Explanation:

Salary x social security tax rate = social security tax

400 x .062 (6.2%) = 24.80

Answer 2

6.2%

Explanation:

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.