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Bob Baerker
Bob Baerker
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Why is social securitySocial Security & mediareMedicare tax higher as W2?

I was comparing how much I'd pay in Social Security as a 1099 and as a W2.

As a W2 employee, my Social Security and Medicare total is $9,180, while my total as a 1099 is $8,478.

Why the difference in totals? I understand that my employer would pay half as a W2, but I assume that's not the reason the total is higher.

Why is social security & mediare tax higher as W2?

I was comparing how much I'd pay in Social Security as a 1099 and as a W2.

As a W2 employee, my Social Security and Medicare total is $9,180, while my total as a 1099 is $8,478.

Why the difference in totals? I understand that my employer would pay half as a W2, but I assume that's not the reason the total is higher.

Why is Social Security & Medicare tax higher as W2?

I was comparing how much I'd pay in Social Security as a 1099 and as a W2.

As a W2 employee, my Social Security and Medicare total is $9,180 while my total as a 1099 is $8,478.

Why the difference in totals? I understand that my employer would pay half as a W2, but I assume that's not the reason the total is higher.

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Meyers
Meyers
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Why is social security & mediare tax higher as W2?

I was comparing how much I'd pay in Social Security as a 1099 and as a W2.

As a W2 employee, my Social Security and Medicare total is $9,180, while my total as a 1099 is $8,478.

Why the difference in totals? I understand that my employer would pay half as a W2, but I assume that's not the reason the total is higher.