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.
No, you do not pay FICA taxes on 401(k) distributions.
No, you do not pay FICA taxes on 401(k) withdrawals.
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).
No, you do not pay FICA (Social Security and Medicare) taxes on 401k withdrawals.
Yes, nonprofits pay FICA and all other payroll related taxes.
The amount of the unpaid electricity bill left by the previous tenant was 200.
No
No, FICA taxes are not deducted from 401(k) contributions.
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.
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.