How does Social Security work? Employees and employers each paya 6.2% OASDI payroll taxon employee earnings up to a certain limit, called the taxable maximum or wage base [6] . Together, the employee and employer contribut...
How does Social Security work? Employees and employers each paya 6.2% OASDI payroll taxon employee earnings up to a certain limit, called the taxable maximum or wage base [6] . Together, the employee and employer contributions equal 12.4%...
How does Social Security work? Employees and employers each paya 6.2% OASDI payroll taxon employee earnings up to a certain limit, called the taxable maximum or wage base [6] . Together, the employee and employer contributions equal 12.4% of the worker’s pay.Self-employed workerspay the full...