Write-In Candidates running for President in 2016. List Of candidates running for the office of the President Of The United States who have filed Form 2 with the Federal Election Commission. Each individual who is a candidate for federal office must file an FEC Form 2 within 15 days of becoming a candidate.
How the Social Security payroll tax works now. The Social Security payroll tax rate is currently 6.2%, although it's not quite that simple. First of all, not all wages are subject to Social Security tax. As of 2016, only the first $118,500 is used to calculate Social Security tax -- anything above that amount is ignored. In other words, a worker who earns $118,500 per year pays the same Social Security tax as a worker who earns $1,000,000.
You will also need this information: 1  The gross pay for each employee for the pay period. 2  Income tax withholding tables for the current year, from IRS Publication 15-A. 3  FICA tax withholding percentages for the current year. See the details in this article about how to calculate FICA tax withholding. The maximum Social Security withholding amount for the current year. How to Calculate the Withholding Amount. The amount withheld from an employee's paycheck depends on: 1  The payroll period (weekly, bi-weekly, semi-monthly, or monthly), 2  Whether the employee is single or married, 3  The number of exemptions claimed by the employee, 4  The amount of gross pay for the period, 5  The number of withholding allowances, and.