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.
Of the estimated 165 million U.S. workers who will pay Social Security payroll taxes in 2014, about 10 million will pay a higher amount as a result of the inflation-based increase in wages subject to Social Security withholding. Social Security and Medicare payroll withholding are collected together as the Federal Insurance Contributions Act (FICA) tax. By Jan. 1, U.S. employers should have: Adjusted their payroll systems to account for the higher taxable maximum under the Social Security portion of FICA. Notified affected employees that more of their paychecks will be subject to FICA. Withholding Rates Unchanged. The portion of the Social Security FICA tax that employees pay remains unchanged at the 6.2 percent ...