American Indian and Alaska Native Population in Plantersville, MS. In 2000, the number of American Indians or Alaska Natives in Plantersville, MS was 2. Asian Population in Plantersville, Mississippi. At the last survey, the total Asian population in the community was 0.
In addition to the amount withheld from its employees for Social Security taxes, the employer must contribute/remit an additional amount, which is an expense for the employer. In the year 2018, the employer's portion of the Social Security tax is 6.2% of the first $128,400 of an employee's annual wages and salary. For example, if an employee earns $40,000 of wages, the entire $40,000 is subject to the Social Security tax. This means that in addition to the withholding of $2,480, the employer must also pay $2,480.
FICA taxes are the Social Security and Medicare taxes paid by individuals and employers. The total FICA tax is 15.3%. That percentage is applied to the employee's gross pay. Here is the breakdown of these taxes: The employer and employee each pays 7.65%. Breaking these percentages down further: