Question

the medicare payroll tax is also called?

the medicare payroll tax is also called?

Homework Answers

Answer #1

It is also called as Additional Medicare Tax.The Affordable Care Act expanded the Medicare payroll tax to include the Additional Medicare Tax. This new Medicare tax increase requires higher wage earners to pay an additional tax (0.9%) on earned income.

Medicare tax is a payroll tax. It is an employee and employer tax, meaning you must withhold a certain amount from an employee's wages and make a matching contribution. You must do this for each one of your employees. Both Medicare and Social Security taxes make up FICA (Federal Insurance Contributions Act) tax

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