Many employers pay workers on a biweekly or semi-monthly basis. For employees paid at an hourly rate, payroll calculations are processed by multiplying the number of hours worked by the hourly rate of ...

The Medicare tax, sometimes referred to as hospital insurance, or HI, applies to the paychecks the company pays its employees. Both the employee and the employer must pay a portion of the tax. If you ...

It's also worth mentioning that this percentage can vary throughout the year if you receive any bonuses or work any overtime. Generally, the more you earn, the more taxes are taken out of your ...