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Because that is the withholding tax rules for the insurance program that the contribution amount are paying for.
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What is the maximum Social Security withholding for 2010?
The 2010 cap is the same as in 2009, $106,800.00, at which point the Social Security amount withheld would be $6,621.60 (6.2%). There is no cap on the Medicare insurance contribution, so the 1.45% amount will continue to be withheld on all earnings, and will be matched by your employer at the 1.45% rate for a total 3.90% for the year.
What is medicare withholding rate?
1.45% on all of your gross earned income for the year with no cap or limit on the amount hat is to be withheld for the year.
What is the maximum amount of earnings subject to the Social Security tax for 2010?
The 2010 cap is the same as in 2009, $106,800.00, at which point the Social Security amount withheld would be $6,621.60 (6.2%). There is no cap on the Medicare insurance contribution, so the 1.45% amount will continue to be withheld on all earnings, and will be matched by your employer at the 1.45% rate for a total 3.90% for the year.
What is the maximum intelligence on pico sim date 2?
there is no max cap the sky is your limit :D
At what income do you stop paying FICA in 2008?
For the year 2008 the amount was Social Security Limit $102,000 and the Maximum Social Security Contribution was $6,324.00. The date today is July 27 2010 and the following would apply for the year 2010. When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60. You do not have any cap on the MEDICARE insurance contribution amount.
What is the 2010 Social Security tax cap?
The 2010 cap is the same as in 2009, $106,800.00, at which point the Social Security amount withheld would be $6,621.60 (6.2%). There is no cap on the Medicare insurance contribution, so the 1.45% amount will continue to be withheld on all earnings, and will be matched by your employer at the 1.45% rate for a total 3.90% for the year. For more information, click on the Related Link, below.
What was the 2009 Social Security tax cap?
$106,800. Remember there is no cap on the Medicare tax.
What is the population limit for Age of Empires 2?
The population limit per civilization can be set prior to the beginning of the game. The maximum limit is 200 units per civilization, unless you are the Goths which gives a +10 unit cap Generally in Scenarios, the limit is 75 units.
What is the 2011 maximum social security withholding amount?
For 2009, the Social Security Withholding tax (OASDI) is 6.20% on wages up to $106,800. Doing the math the maximum social security withholding is $6,621.60. If you have more than one employer in 2009 and your combined earnings exceed $106,800 the combined withholding can exceed $6,621.60 as EACH employer is required to deduct 6.20% of earnings up to $106,800. You will get back any amount over $6,621.60 when you file your taxes as excess social security taxes, or your employer will stop withholding any amounts above $6,621.60 from your paycheck. There is an additional 1.45% for Medicare which has no cap on the amount of withholding. The combined OASDI and Medicare tax of 7.65% is commonly referred to as the Social Security Withholding tax.
What is the total percentage of income that will be withheld from employee's paycheck for Social Security and Medicare taxes?
A total of 7.65% of your pre-tax income (6.2% for Social Security and 1.45% for Medicare Hospital benefits) is withheld from each paycheck until you reach the current earnings cap of $106,800. There is no earnings cap for the 1.45% Medicare Hospitalization contribution.Your employer pays a matching amount from company funds, bringing the total contribution on your behalf to 15.3% of the first $106,800 of salary.If you earn less than the maximum, you can easily calculate your total annual contribution by multilplying your base salary x .0765.For example:A person who earns $35,000 in 2010 will contribute $2,677.50 toward future retirement benefits, and his or her company would match that contribution for a total of $5,355.
What is the the pecuniary liability limit to a civil penalty?
The pecuniary liability limit to a civil penalty is the maximum amount of money that can be imposed as a penalty for a civil violation. This limit is set by law and varies depending on the specific violation or regulatory framework. It serves as a cap on the financial consequences of non-compliance.
What is the CAP?
A limit on how high a salary can be.
