Alkaline phosphatase is one kind enzyme found in your body. Enzymes are proteins that help chemical reactions happen. For instance, they can break big molecules down into smaller parts, or they can help smaller molecules join together to form bigger structures.
Social Security is financed by a 12.4 percent tax on wages up to the annual threshold, with half (6.2 percent) paid by workers and the other half paid by employers. This taxable wage base usually goes up each yearâit rose from $117,000 in 2014 to $118,500 in 2015.
3. Multiply the employee rate by the employee's wages to find the amount the company must withhold from the employee's paycheck for Social Security taxes. For example, if the employee's monthly pay equals $3,170, multiply $3,710 by 0.042 to find the company must withhold $133.14 for Social Security taxes. 4. Multiply the employer rate by the employee's pay to find the amount the company must pay to the government in employer Social Security taxes because of the payment to the employee. In this example, multiply 0.062 by $3,170 to find the company has to pay $196.54 in employer Social Security taxes.