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.
Maximum employer contribution per eligible employee is $53,000 for the 2016 tax year, and $54,000 for the 2017 tax year. Maximum tax deductible employer contribution is 25% of compensation. Deductible as a business expense and not required every year. Employee contributions. Either pre-tax or Roth employee deferral contributions can be made for up to $18,000 for the 2016 and 2017 tax years ($24,000 for employees age 50 or older). Contributions can't exceed 100% of compensation.