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    sunilpnvm's Avatar
    sunilpnvm Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 9, 2007, 08:18 AM
    f1(opt) to h1
    Hi. I was working on my 'opt' all through last yr and my 'h1' started a couple of weeks back. I just got my first paycheck... which included the medicare and ssn deductions. Is there a way, where I can know what the percentage deductions should be in my case? When I was in my 'opt' I was just paying $300 (fed+state) in taxes... and now my taxes have gone up to $741 (now includes the medicare and ssn too). My yrly income is 50k and I'm not sure if I should be paying so much in taxes. I'm here in US from aug'02 - jan'06 on student (f1+opt) status... and from jan on 'h1' status.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 10, 2007, 10:23 PM
    Social Security is 6.2%. Capped at $97,000.

    Medicare is 1.45% on every dollar you earn.
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