This is definitely something to act on ASAP.
If I got what your saying...your pay has FICA taken out (presumably at 7.65% employee rate) and you....wisely...have reviewed your record with the SS, and it shows no contibutions (of the 15+ % that is emplyer + employee rate) getting there.
Sounds like your small shop isn't paying over it's withholding...at least of this. (Partner? Payroll service? Bookkeeper?).
On the report from SS you received there is info on how to protest if the record is wrong....follow it. Preferably use certified mail and keep copies of your protest...and if there are any phone numbers call them too. I appreciate that your in a small, presumably respectful and friendly shop...but SS or tax withholdings don't just disappear like that, especially for that time, without there being some substantial problem.
There are several tax deductions that appear on a payroll statement. These are FICA, which is Medicare and Social Security, along with income tax and OASDI. OASDI stands for old age, survivors, and disability insurance.
I believe, its just a social security tax.
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
One type of payroll deduction is all the taxes you have to pay such as federal, state and social security. Another type of deduction is your health insurance.
FICA is the social program that is supported by deductions from the paychecks of American employees. Payroll taxes are calculated based on the amount of the taxpayers pay and are mandatory deductions. The programs that are deducted from the checks are social security taxes and the Medicare Program.
FICA is the social program that is supported by deductions from the paychecks of American employees. Payroll taxes are calculated based on the amount of the taxpayers pay and are mandatory deductions. The programs that are deducted from the checks are social security taxes and the Medicare Program.
Payroll deductions are also called withholdings. Things typically withheld from earnings are state and federal income taxes, social security, and national insurance.
FICA is the social program that is supported by deductions from the paychecks of American employees. Payroll taxes are calculated based on the amount of the taxpayers pay and are mandatory deductions. The programs that are deducted from the checks are social security taxes and the Medicare Program.
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
FICA is the social program that is supported by deductions from the paychecks of American employees. Payroll taxes are calculated based on the amount of the taxpayers pay and are mandatory deductions. The programs that are deducted from the checks are social security taxes and the Medicare Program.
Check your annual OPM annuity statement -- there is no payroll tax. A payroll tax feeds the Ponzi scheme we commonly call Social Security. For the last few years the payroll tax was reduced by 2% but that just means Social Security will become broke even faster.