Additional Medicare Tax Calculator -With How ,Why & What Explanation !

additional medicare tax calculatorThe additional Medicare Tax calculator is for knowing medicare surcharge you are liable to pay or your employer will withhold .As you know the medicare is the federal health insurance program as per FICA (Federal Insurance Contributions Act)  for people who are 65 or older.But funding for this program is done through contribution of taxpayers out of his taxable income. The medicare tax is the amount withheld from salary of an employee with an equal mount of contribution by the employer.

Logic Used for Medicare Tax Calculator

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  1. […] of taxes deducted or to be deducted as Federal income tax or state income tax or social security or medicare tax. The calculation can be done for paycheck that is daily ,weekly,biweekly ,monthly or annually. A […]

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