How are medicare and social security taxes figured on variable annuitys?
hww22 asked:
I know on a paycheak the federal, state, medicare, and social security is already taken out and at the end of the year I only figure my federal and state on my 1040. Do I pay any ss or mc on an annuity? I know its a hard question but try if you think you know.
CAPPS
I know on a paycheak the federal, state, medicare, and social security is already taken out and at the end of the year I only figure my federal and state on my 1040. Do I pay any ss or mc on an annuity? I know its a hard question but try if you think you know.
CAPPS
