Medicare taxes are paid only by employee.

Name: Medicare taxes are paid only by employee.
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Question

Quizplus · Accepted Answer

Medicare taxes are paid by both the employee and employer. The employee's portion is 1.45% of their wages, and employers are also required to contribute 1.45% of their employees' wages towards Medicare taxes. Self-employed individuals must pay both the employee and employer portion, which is a total of 2.9%.

Medicare Taxes Are Paid Only by Employee