Generate paystubs with accurate Maine

In Maine, similar to all other states, a portion of your earnings is subject to withholding for FICA taxes. These taxes are crucial as they contribute towards the Social Security Tax and Medicare systems, enabling you to access their benefits during your retirement. Every pay period, your employer will deduct 6.2% of your earnings for Social Security taxes and 1.45% for Medicare taxes. Additionally, your employer will match this withholding amount. However, if you are self-employed, you must withhold twice as much from each of your paychecks.