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It's the same in the US, with different percentages. From: https://bench.co/blog/accounting/calculate-payroll-tax/ https://bench.co/blog/accounting/calculate-pa
by RHSeeger 6y ago
It's the same in the US, with different percentages. From: https://bench.co/blog/accounting/calculate-payroll-tax/ https://bench.co/blog/accounting/calculate-payroll-tax/
- FICA tax is 7.65% (6.2% social security, 1.45% medicare)
- FUTA tax is 0.6 to 6.0% (varies, iiuc)
- And then employers (generally) also pay an amount towards health care. But that's not a tax, per se; more of a mandatory "benefit"
- ViViDboarder 6y agoMost of all of that comes out of the salary on your payslip in the US.
- machinebun 6y agoThere is a 7% employer contribution that does not show up on your payslip (as well as the 7% that does). Also the employer contribution to your health insurance does not show up but your part of it does.
- RHSeeger 6y agoNone of that comes out of the salary on your payslip. Rather, you also have your own contribution to those things, separate from the one your employer pays.