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.
To calculate Social Security tax withholding on 401(k) contributions, your employer first determines your gross wages for the pay period. Gross wages are your earnings before deductions.Your employer subtracts Social Security tax from your gross wages and then deducts your 401(k) contribution.For example, you earn $450 for the weekly pay period and elect 6 percent toward your 401(k) account.pecifically, if Social Security tax applies, so does Medicare tax. Your 401(k) contributions are subject to Medicare tax of 1.45 percent, as of 2012.