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.
Social security and Medicare taxes, also known as FICA taxes must be withheld from your employees' wages. As an employer, you must also pay a matching amount of FICA taxes for your employees. Currently the social security tax rate is 6.2%.You are required to withhold 6.2% of an employee's wages for social security taxes and to pay a matching amount in social security taxes until the employee reaches the wage base for the year. The wage base for social security tax is $97,500 for the year 2007.ou are also required to pay a matching amount of social security and Medicare taxes for your employees and to pay State and Federal unemployment tax. Have each new employee complete IRS form W-4. You will use this form to calculate the amount of federal income tax to withhold from the employee's wages.