what percent does employer pay for social security?
<answer> Each employer  pay a 6.2 percent Social Security tax on up to $128,400 of your earnings. <context> your earnings for Social Security when you file your federal income tax return. If your net earnings are $400 or more in a year, you must report your earnings on Schedule SE, in addition to the other tax forms you must file. Paying Social Security and Medicare taxes If you work for an employer, you and your employer each pay a 6.2 percent Social Security tax on up to $128,400 of your earnings and a 1.45 percent Medicare tax on all earnings. If you’re self-employed, you pay the combined employee and employer amount, which is a 12.4 percent Social Security tax on up to $128,400 of your net earnings and a 2.9 percent Medicare tax on your entire net earnings.