3 ms·
Does the number include the employer's portion of social security/Medicare taxes?
by cma 3y ago
Does the number include the employer's portion of social security/Medicare taxes?
- prepend 3y agoI wouldn’t expect it to, although sometimes I see that broken out as “taxes paid on your behalf.” I look at what is a benefit to me and what I would need to pay for if the employer didn’t. Health insurance is a benefit because if my employer didn’t pay it, I would. I would not need to pay my employer social security/Medicare (nor unemployment nor workers comp, etc). Although back when I was comparing w2 and 1099 offers I included it in my calculation because I would need to pay it for myself if I chose to work 1099.