{"id":591,"date":"2019-02-12T03:52:17","date_gmt":"2019-02-12T03:52:17","guid":{"rendered":"http:\/\/www.irstaxapp.com\/?p=591"},"modified":"2019-02-12T05:10:58","modified_gmt":"2019-02-12T05:10:58","slug":"additional-medicare-tax-calculator-how-why","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/additional-medicare-tax-calculator-how-why\/","title":{"rendered":"Additional Medicare Tax Calculator -With How ,Why & What Explanation !"},"content":{"rendered":"

\"additional <\/picture><\/a>The additional Medicare Tax<\/strong> calculator<\/strong> is for knowing medicare surcharge<\/em> 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) \u00a0for people who are 65 or older. But funding for this program is done through the contribution of taxpayers out of his taxable income. The Medicare tax is the amount withheld from salary of an employee with an equal amount of contribution by the employer.<\/p>\n

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What is Additional \u00a0Medicare Care tax?<\/h2>\n

Medicare tax rate is 1.45% for salaried individuals. An equal amount is contributed by the employer. So aggregate deposit on behalf of an employee is 2.9 % of gross wages. \u00a0In the case of a self-employed person, the Medicare tax rate is 2.9 % of net income.<\/p>\n

However ,in 2013,\u00a0an additional Medicare tax @ rate of 0.9 percent on wages, compensation, and self-employment income received in the taxable years was imposed on people earning above a threshold<\/span> income<\/strong>.\u00a0\u00a0 An easy additional medicare tax calculator<\/em> is created to find out if and how much additional tax you are liable . The logic for computation of additional medicare tax is explained below the tax calculator.<\/p>\n

Additional \u00a0Medicare Tax Calculator<\/h2>\n