Anonymous
Not applicable
January 08, 2019
09:16 AM
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Employees and payroll
That's correct. The company and employee items are both 6.2% and for medicare both rates are 1.45%.
See https://www.irs.gov/taxtopics/tc751
You should be familiar with these rates as well as the other information from the Circular E before attempting payroll on your own: https://www.irs.gov/publications/p15