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ushagodika
Mar 14, 2009, 11:16 AM
Hi

I was curious to know how we calculate Medicare Tax witheld in NY State. I was doing my taxes myself this year. Usually my husband does it.

But I was really curious about the calculation.

If you can please teach me?

Thank you
MukatA
Mar 14, 2009, 12:17 PM
1.45%
AtlantaTaxExpert
May 6, 2009, 12:59 PM
Ushagodika:

The Medicare is a flat tax that is assessed on all income ta a 1.45% rate. Determine the amount of tax owed is grade-school math.