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.
Multiply the employeeâs gross pay by 7.65 percent. The result equals the employeeâs Social Security and Medicare tax deductions. 6. Calculate the total amount of tax withheld from the employeeâs check. Divide the result by the employeeâs gross pay to determine the percentage of tax taken out of the paycheck. If you wish to perform a percentage calculation for all employees, calculate the taxes taken out of each employeeâs check individually and total the result.