Over 17 million farmers around the world plant GM crops, and their numbers grow each season-they grew by 6% from 2011. In fact, 9 in 10 of these farmers run small farms, too.In addition to higher yields and higher farm income, their reasons include:Increased management flexibility.ver 17 million farmers around the world plant GM crops, and their numbers grow each season-they grew by 6% from 2011. In fact, 9 in 10 of these farmers run small farms, too.
FICA tax is paid by both workers and their employers. FICA tax is typically 7.65% of earnings up to $127,200 (2017 figure). Employees pay 6.2% of their earnings for Social Security retirement benefits and their employer pays 6.2% for a total of 12.4% of a worker's income. An additional 1.45% tax is also collected to fund Medicare benefits and this, too, is matched by employers.
To calculate FICA withholding, Acme should proceed as follows: 1  Calculate the Social Security taxable income. 2  Acme must first calculate the amount of John's pay subject to Social Security tax. Since there is no limit on Medicare withholding, and John's pay is not subject to any pretax deductions, the amount of his pay subject to Medicare tax is also $800. 2  Calculate the Social Security tax. 3  Acme multiplies the 2015 employee Social Security tax rate of 6.2% by the taxable income amount of $800.