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No. FICA is a straight percentage of salary or wages. The employee Social Security portion (6.2%) stops after the employye reaches the maximum salary ($102,000 in 2008). The employee Medicare portion (1.45%) does not have a miximum.
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What is the FICA withholding rate for 2011?
what is the FICA rate for 2011
What is the FICA withholding limit for 2011?
4.2
What is the FICA withholding limit for 2013?
$110,000
Does everyone pay FICA taxes?
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
What is the FICA withholding income limit for 2010?
That won't be known until the last quarter of 2009.
What is the FICA withholding rate for 2011?
what is the FICA rate for 2011
What is the FICA withholding limit for 2011?
4.2
What is the FICA withholding limit for 2013?
$110,000
Are wages paid to a social security recipient subject to FICA withholding?
are employees that are currently receiving social security and medicare benefits subject to fica withholding
Is federal withholding the same as fica?
Yes and no. Federal Withholding is usually Federal income tax. FICA is Social Security. Different percentage, goes to a different place.
Does everyone pay FICA taxes?
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
What is the FICA withholding income limit for 2010?
That won't be known until the last quarter of 2009.
What tax deductions can appear on a payroll withholding statement?
Federal and state income taxes, and FICA
Are union negotiation subject to FICA taxes?
It would seem logical that a negotiator who is a full time employee of, for example, the Teamsters Union, would be subject to FICA withholding taxes.
Where is social security tax withheld on check stub?
It should be listed as FICA. Listed next to Federal and State withholding, you'll also see FICA - that is your contribution to Social Security.
What is the FICA withholding income limit for 2009?
In 2009, the IRS set annual Social Security wage base limit at $106,800 at 6.2%. That would make the maximum FICA withholdings $6,621.60.
Do you get credit on your fed income tax for ss and medicare removed from your pay?
No. However, if you have wages that have been subject to FICA withholding your do not have to pay self-employment tax. SE Tax is 15% on all self-employment income. The FICA withholding from wages is only 7-1/2 percent for you and the employer pays the other 7-1/2 percent.
