(Employees also pay a Social Security tax. In effect, the employer is matching each employee's Social Security tax.)
In addition to the Social Security tax, there is a Medicare tax of 1.45% (and a Medicare surtax for higher income taxpayers). The employer will have to match each employee's 1.45% Medicare tax, but does not have to match the Medicare surtax. Information on the Medicare surtax can be found at www.irs.gov.
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