FICA percent is 15.3% regardless of the number of dependents
If you are self employed you pay the full 15.3% which is 12.4% social security and 2.9% medicare
If you are employed by someone else you pay half of the FICA or 7.65% of which 6.2% is social security and 1.45% is medicare. You employer than pays the other half.
The FICA -MC on your paycheck is a reference to the deduction for Medicare. The Medicare deduction should be 2.9 percent of your total earnings.
generally, payments to employees or their dependents for medical or hospital expenses in connection with a sickness or accident disability aren't considered wages
what is the FICA rate for 2011
$605.32
1,030.35
The FICA -MC on your paycheck is a reference to the deduction for Medicare. The Medicare deduction should be 2.9 percent of your total earnings.
Find the annual amount of FICA at a 7.51% rate by computing his annual salary
47000 times 7.65 % the amount of FICA would be 3595.50.
generally, payments to employees or their dependents for medical or hospital expenses in connection with a sickness or accident disability aren't considered wages
0 as a percent is 0%
Multiply by 7.42 and then divide by 100. It would be 47.49 dollars.
how much income tax do i owe on $23,000 with 0 dependants
If you have no dependents, you can simply write "0" on line 3 of the W-4 form. This indicates that you are claiming zero allowances for yourself.
0 percent of 10 = 0
then the answer will be 0%
0 percent of 240000 = 0 (nothing)
15 percent 0 equals 0; 0 percent 15 equals 0. Both the above are true