Do employers pay half my payroll deductions for social security and Medicare?

Answer by  Godfather (116)

No. Your employer matches the amount of your deduction, but this doesn't show up in your gross pay. For example, if your gross paycheck is $1000, $62 is deducted from your paycheck for Social Security and $14. 50 is deducted for Medicare, and your net pay is $923. 50 minus income taxes. Your employer pays an additional $76. 50 in payroll taxes.

Answer by  CarolynOsborne (2804)

Employers match your contribution for social security and medicare. In other words, what is actually paid to the government is a total that is double your deduction--fifty percent from you and fifty percent from your employer. Employers do not match other government-related payroll deductions such as federal, state, or local income tax.