Employees and employers each pay a 6.2% OASDI payroll tax on employee earnings up to a certain limit, called the taxable maximum [6]. Together, the employee and employer contributions equal 12.4% of the worker’s pay. Self-employed workers pay the fully combined 12....
Employees and employers each pay a 6.2% OASDI payroll tax on 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 workers pay the fully combined 12.4% Social ...