Respuesta :
The employees pay half (1.45%) of the Medicare tax while the employer pays the other half.
What is Medicare tax used for?
Medicare tax is an obligatory employment tax that is taken out of your pay automatically. Hospital insurance for the elderly and those with disabilities is paid for by taxes. The American Medicare healthcare program is financed with the help of this levy. Medicare Part A, which provides hospital insurance for seniors and those with disabilities, is paid for using tax dollars.
All employees, employers, and self-employed individuals are required to pay this employment tax, which is a portion of gross wages used to support Medicare. Hospital, hospice, and nursing facility care are all included in Part A expenditures. In 2022, the Medicare tax rate will be 2.9%. Each party pays 1.45% of this sum, which is divided equally between the employer and the employee. The sum is deducted from each employee's paycheck.
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