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.
In this example, subtract $3,700 from $4,000 to find the Social Security tax only applies to $300 of the current paycheck. 4. Multiply the amount of the paycheck affected by the Social Security tax by the current employer rate for the Social Security tax. As of 2011, the employer rate equals 6.2 percent. You can check the current rate on the Social Security Administration website. Finishing this example, multiply $300 by 0.062 to find your company must pay $18.60 on behalf of this employee for the Social Security payroll expense.