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Fillable Instruction 941 (Rev. January 2012)

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Instructions for Form 941 (Rev. January 2011) Employer's QUARTERLY Federal Tax Return Section references are to the Internal Revenue Code unless otherwise noted. Department of the Treasury Internal Revenue Service What's New Social security and Medicare tax for 2011. The employee tax rate for social security is 4.2%. The employer tax rate for social security remains unchanged at 6.2%. The Medicare tax rate is 1.45% each for employers and employees. Do not withhold or pay social security tax after an employee reaches $106,800 in social security wages for the year More

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