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I need to know my responsibility of payroll deductions
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My wife and I live in Florida and work for an LLC. Our rate of pay is 18.50/hr each, for a total of $740/week each for 40hrs worked. I understand the total deductions are like 15.6% but as I understand it we are responsible for only half of this since our employer has to match our deductions, thus paying half. Are we to expect only 7.65% to be deducted from our payroll checks? I would appreciate it if someone knew a definate percentage that would be taken out of our checks. Thank you!
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- 2 years ago
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- reddit.com/r/Payroll/com...