Damned If You Don't Gordon Randall Garrett. The voltage then depends on the speed at which the armature is driven. Electricity for the farm Frederick Irving Anderson. If he drew 26 amperes, the voltage would fall, at the house, 26 volts. Electricity for the farm Frederick Irving Anderson.
Psychologically, it seems as if all money taken out of a person's paycheck is the same, but income and payroll taxes serve very different functions, with contrasting effects. Income taxes are withheld from an employee's wages and go into a general fund.
The largest of these social insurance taxes are the two federal payroll taxes, which show up as FICA and MEDFICA on your pay stub. The first is a 12.4 percent tax to fund Social Security, and the second is a 2.9 percent tax to fund Medicare, for a combined rate of 15.3 percent. Half of payroll taxes (7.65 percent) are remitted directly by employers, while the other half (7.65 percent) are taken out of workersâ paychecks. Who Really Pays Payroll Taxes? Perhaps one of the best-kept secrets of payroll taxes is that employees effectively pay almost the entire payroll tax, instead of splitting the burden with their employers.