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.
The Medicare tax rate is 2.9% for the employee and the employer. You will withhold 1.45% of an employee's wages and pay a matching amount for Medicare tax. There is no wage base for the Medicare portion of the FICA tax. Both the employer and the employee continue to pay Medicare tax, no matter how much is earned. The employer also must pay State and Federal Unemployment Taxes (SUTA and FUTA). The FUTA rate is 6.2 %, but you can take a credit of up to 5.4% for SUTA taxes that you pay.
FICA, which stands for Federal Insurance Contribution Act, is a tax that is paid by employees as well as their employers, and is often referred to as the payroll tax. The purpose of the FICA tax is to fund the Social Security and Medicare programs, which provide benefits to American retirees. What is FICA? FICA is the U.S. federal payroll tax, designed to help fund the Social Security and Medicare programs. As of 2017, about 171 million people work and contribute FICA taxes.