Hi,
My employer had started the company when he was on an H1. I am told that he has to pay 13% (of gross income) as employer taxes. What I understand from reading on the net is that the employer pays 6.2% (social security) and 1.45% (medicare) of MY sal from his end. I would appreciate it if someone could help me understand why my employer is paying 13% of whatever money I get into the company (gross income) and not just the 6.2 + 1.45 of my sal. Am I under the wrong impression or am I being misguided !!!!
My employer had started the company when he was on an H1. I am told that he has to pay 13% (of gross income) as employer taxes. What I understand from reading on the net is that the employer pays 6.2% (social security) and 1.45% (medicare) of MY sal from his end. I would appreciate it if someone could help me understand why my employer is paying 13% of whatever money I get into the company (gross income) and not just the 6.2 + 1.45 of my sal. Am I under the wrong impression or am I being misguided !!!!