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Re: starting an electrical business
#155074 12/11/04 03:42 PM
Joined: Apr 2002
Posts: 156
Phoenix, Arizona
K
kinetic Offline
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Electric Eagle I had to learn that the hard way. I never knew my previous employers had to pay that. If I remember it is only til a certain point or dollar amount correct?
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Re: starting an electrical business
#155075 12/11/04 11:59 PM
Joined: Apr 2002
Posts: 914
Alpharetta, GA
E
Electric Eagle Offline
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Yes, the SS tax is on the first $87,900, but the medicare tax doesn't have a cap.
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