Want this question answered?
is there an age limit on who pays fica taxes
All tips are subject to FICA taxes until you hit the wage cap for the year.
frequency of fica payments
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
Social Security Taxes, FICA, and medicare are payroll taxes.
Actually the opposite. see the info and link here: http://wiki.answers.com/Q/How_do_you_calculate_taxes_if_you_are_a_1099_employee
is there an age limit on who pays fica taxes
employers pay the fica tax
All tips are subject to FICA taxes until you hit the wage cap for the year.
frequency of fica payments
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
Social Security Taxes, FICA, and medicare are payroll taxes.
FICA tax, Futa and Suta taxes
FICA taxes
Non-owners are subject to payroll taxes as any other employee is. Owners will pay FICA tax when they file their Form 1040, but are not subject to unemployment tax if they agree to not be taxed as a corporation.
No you do not get FICA back on federal taxes. It's a pay now and collect later system, for when you collect social security at retirement.
Social Security Taxes