These functions return the tax rates for the Hospital Insurance (HI) program. All functions share the same syntax:

·        MedTaxRate returns the payroll tax rate for employees.

·        MedTaxRateER returns the payroll tax rate for employers.

·        MedTaxRateSE returns the payroll tax rate for self-employed workers.

Tax rates are set by law (see sections 1401, 3101, and 3111 of the Internal Revenue Code) and apply to earnings up to a maximum amount (the taxable wage base) for OASDI.

More information can be found at the Social Security web site.

Syntax

MedTaxRate (Year)

MedTaxRateER (Year)

MedTaxRateSE (Year)