Place the pot on the stove and turn the heat to high. Check for steam escaping from under the lid, then lift the lid carefully to see how the water is doing. Look at the water. If large bubbles are rising from the bottom of the pot to the surface, the water is boiling.
Usually, the employer and the employee pay the same amount for Social Security tax, but there have been exceptions. For example, the employee rate in 2011 and 2012 was 4.2 percent. Employers paid 6.2 percent. As of the time of publication, employers and employees each pay 6.2 percent.
1. Employers share of Social Security Taxes. This is currently at 6.2%. Your employee payroll does not exceed the FICA limit of $102,000 for 2008, hence all his wages are subject to this tax. 2. Employers share of Medicare Taxes. This is currently at 1.45%. There is no income limit for this tax.