Certified Payroll Professional Practice Exam

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Question: 1 / 145

What is the Social Security Tax Withholding Rate?

4.2% withheld from employees and 4.2% paid by employers

6.2% withheld from employees and 6.2% paid by employers

The Social Security Tax Withholding Rate is 6.2% for both employees and employers. This tax is split equally between the employee and the employer, with each contributing 6.2%. Therefore, option B is correct.

Option A, C, and D have percentages that do not align with the standard Social Security Tax Withholding Rate of 6.2% for both employees and employers.

8.2% withheld from employees and 8.2% paid by employers

10.2% withheld from employees and 10.2% paid by employers

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