Pay and benefits…..is this what I think it is?
It automatically did it.
- Joined
- Jun 23, 2020
- Messages
- 528
Target doesn't "match" social security contributions.
You pay half and your employer pays half. That's just how the program works. For every employer.
That's why self-employed people pay more, because they pay the employee AND employer portion of the tax.
You pay half and your employer pays half. That's just how the program works. For every employer.
That's why self-employed people pay more, because they pay the employee AND employer portion of the tax.
- Joined
- Jun 19, 2014
- Messages
- 844
Yes they infact do match your social security contributions... by law. All employers must match employee contributions up to $168,600.
- Joined
- Sep 25, 2017
- Messages
- 1,899
Yeah, you don't need to be impressed by this. It's something every employer is required to do for every employee. (There is a ceiling, but no regular TM will reach it.)
Now, the 401(k) match is a different thing. I don't think there's a requirement for an employer to match an employee's 401(k) contribution. The ones that do match do so at different percentages. I always try to contribute at least the amount that will be matched; not doing so is like leaving money on the table.
Now, the 401(k) match is a different thing. I don't think there's a requirement for an employer to match an employee's 401(k) contribution. The ones that do match do so at different percentages. I always try to contribute at least the amount that will be matched; not doing so is like leaving money on the table.
- Joined
- Jun 11, 2011
- Messages
- 2,722
This is a normal transaction by all employers.
