0
What is fica tax and when did they start deducting that tax from csrs system?
Wiki User
∙ 9y ago
My wife worked for the government under CSRS retirement system (and they took FICA tax out) for 21 or 22 years (1976 to 1997) and than resigned, will she be qualify for medicare when she is 65 years old?
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is sap isu fica?
Sap fica means system application programming financial contract accounts.
What does FICA mean on a paycheck?
FICA stands for a payroll tax used to fund the Social Security system.
Do you get the FICA back on your federal taxes?
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.
What is the FICA withholding rate for 2011?
what is the FICA rate for 2011
Does congress pay fica?
You can find the below information by going to the SSA gov web site in the question and answer section or click on the below related link.Q5: Is it true that members of Congress do not have to pay into Social Security?A: No, it is not true. All members of Congress, the President and Vice President, Federal judges, and most political appointees, were covered under the Social Security program starting in January 1984. They pay into the system just like everyone else. Thus all members of Congress, no matter how long they have been in office, have been paying into the Social Security system since January 1984.(Prior to this time, most Federal government workers and officials were participants in the Civil Service Retirement System (CSRS) which came into being in 1920--15 years before the Social Security system was formed. For this reason, historically, Federal employees were not participants in the Social Security system.)Employees of the three branches of the federal government, were also covered starting in January 1984, under the 1983 law--but with some special transition rules.1) Executive and judicial branch employees hired before January 1, 1984 were given a one-time irrevocable choice of whether to switch to Social Security or stay under the old CSRS. (Rehired employees--other than rehired annuitants--are treated like new employees if their break-in-service was more than a year.)2) Employees of the legislative branch who were not participating in the CSRS system were mandatorily covered, regardless of when their service began. Those who were in the CSRS system were given the same one-time choice as employees in the executive and judicial branches.3) All federal employees hired on or after January 1, 1984 are mandatorily covered under Social Security--the CSRS system is not an option for them.So there are still some Federal employees, those first hired prior to January 1984, who are not participants in the Social Security system. All other Federal government employees participate in Social Security like everyone else.This change was part of the 1983 Amendments to Social Security. You can find a summary of the 1983 amendments elsewhere on this site.
What if your employer did not take out FICA tax?
Some paystubs have Medicare and Social Security taxes listed separately while others have them combined and listed as FICA Taxes. Check your paystub to be sure your employer isn't deducting it before contacting the IRS.
What is sap isu fica?
Sap fica means system application programming financial contract accounts.
What does FICA mean on a paycheck?
FICA stands for a payroll tax used to fund the Social Security system.
When did the military start paying FICA taxes?
1955
Do you get the FICA back on your federal taxes?
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.
What is 'geographic information system' in Spanish?
"Sistema de Información Geográfica" is a Spanish equivalent of "geographic information system" (GIS).
What is 'geographic information system' in Portuguese?
"Sistema de informação geográfica" is a Portuguese equivalent of "geographic information system."
What president started FICA?
FICA was the result of the Social Security Act of 1935, proposed by President Franklin D. Roosevelt. The program began collecting taxes and paying benefits in 1937. In 1939, FICA was amended to include widows and orphans of working spouses, as well as elderly people who had not paid into the system.
Who pays FICA taxes?
employers pay the fica tax
What is the FICA withholding rate for 2011?
what is the FICA rate for 2011
What are two of programs that FICA funds?
Social Security and Medicare are funded by FICA
Do seniors over 65 have FICA deductions?
Yes, seniors over 65 who are still working are subject to FICA deductions (Social Security and Medicare taxes) on their wages. Once they start receiving Social Security benefits, they no longer have to pay the Social Security portion of FICA, but they still contribute to Medicare through payroll taxes.
