Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why are the Social Security and Medicare taxes shown on Forms W-2 less than the amounts shown on Schedule H?

amounts forms medicare schedule social security taxes W-2
0
Posted

Why are the Social Security and Medicare taxes shown on Forms W-2 less than the amounts shown on Schedule H?

0 CommentsAdd a Comment

1 Answer

0

Social Security and Medicare taxes remitted with Schedule H include the employee and employer components combined (15.3%). The Form W-2 reflects employee paid taxes only (7.65%) and does not include your employer contributions.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123