Spider Meaning. Spider spirit animal is the enchantress of creativity and artistic expression, she weaves a magical spell as she infuses her dreams into the web she weaves. In ritual she builds her web is creative expression and expectation of all she needs and desires.
Social Security tax is one part of the Federal Insurance Contribution Act (FICA) tax, and it is assessed at a rate of 12.4%. This is split evenly between the employee and employer, and it applies to earned income up to $118,500 for 2016 -- resulting in a maximum Social Security tax of $14,694. The remainder of FICA tax goes to Medicare.
You will also need this information: 1  The gross pay for each employee for the pay period. 2  Income tax withholding tables for the current year, from IRS Publication 15-A. 3  FICA tax withholding percentages for the current year. See the details in this article about how to calculate FICA tax withholding. The maximum Social Security withholding amount for the current year. How to Calculate the Withholding Amount. The amount withheld from an employee's paycheck depends on: 1  The payroll period (weekly, bi-weekly, semi-monthly, or monthly), 2  Whether the employee is single or married, 3  The number of exemptions claimed by the employee, 4  The amount of gross pay for the period, 5  The number of withholding allowances, and.