Medicare Tax

Author: External Author | | Categories: Fully Electronic Payroll , Payroll Processing Services , Retirement Plan Payment

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Medicare tax, also known as “hospital insurance tax,” is a federal employment tax that funds a portion of the Medicare insurance program. Like Social Security tax, Medicare tax is withheld from an employee’s paycheck or paid as a self-employment tax.

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Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:   KATHRYN FLYNN

Original Article Posted on:  Mar 25, 2021

Link to Original Article:  https://www.investopedia.com/medicare-tax-definition-5115380



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