Bankruptcy is about the only way, although you could technically pay them or consolidate them (into one loan, which you then pay back).
Yes, nonprofits pay FICA and all other payroll related taxes.
No
yes
Do I have to pay FICA and medicare tax on my pension if I retire early at age 55 and not working?No. A pension, like IRA and 401k distributions, is not considered earned income. You do pay income tax, but not FICA (Social Security and Medicare), on those sources.
employers pay the fica tax
Bankruptcy is about the only way, although you could technically pay them or consolidate them (into one loan, which you then pay back).
Yes, nonprofits pay FICA and all other payroll related taxes.
If your employer did not withhold FICA tax, it is their responsibility to correct the error by paying the unpaid amounts. You may face penalties or have to pay the unpaid taxes later on when you file your tax return. It is important to communicate with your employer and possibly seek advice from a tax professional to address the situation.
No
yes
Do I have to pay FICA and medicare tax on my pension if I retire early at age 55 and not working?No. A pension, like IRA and 401k distributions, is not considered earned income. You do pay income tax, but not FICA (Social Security and Medicare), on those sources.
yes
All members of Congress and all other federal employees hired since 1984 pay FICA. Whether state and local employees pay varies by state.
Yes. If you work after retirement, your employer is still required to withhold 7.65% of your first $106,800 of gross income for FICA, and to pay a matching amount from company funds on your behalf.
Social security and medicare
The unpaid finances are transferred to you and you should pay them in order not to impound your vehicle. Than you can sue the previous owner.