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What else can I help you with?
Is an optional deduction?
Medicare, like social security is a mandatory deduction.
What of the following is not an optional deduction if I see a health insurance?
What of the following is not an optional deduction? A. Health insurance B. 401(k) C. Medicare D. Life insurance
Which would you expect to be the lowest amount on your pay stub FICA or Medicare deduction?
Medicare Deduction -apex
Fica medicare deduction?
what?
Is there a medicare tax deduction?
No
What is fica-mc on my paycheck?
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.
What percentage of gross income is deducted for medicare?
For 2012, the Social Security (FICA) deduction is 6.2%; the Medicare deduction is 1.45%, for a total of 7.65%. The employer pays the same percentages.
Does the medicare tax deduction from a paycheck cover both part a and b?
No
What is fhi tax on a pay stub?
Federal Health Insurance Deduction (medicare)
What will be the medicare deduction in 2013?
The Medicare deduction in 2013 was 1.45% of an individual's wages or self-employment income. For high-income earners, an additional 0.9% was added for income over certain thresholds.
What is the percentage of income that will be withheld from any employees paycheck for social security and medicare taxes?
For 2012, the Social Security (FICA) deduction is 6.2%; the Medicare deduction is 1.45%, for a total of 7.65%. The employer pays the same percentages.
Is state income tax an optional deduction?
State income tax is generally considered an optional deduction on your federal tax return if you choose to itemize your deductions. Taxpayers can either deduct state and local income taxes or state and local sales taxes, but not both. If you take the standard deduction, you cannot deduct state income tax. Therefore, whether or not it is optional depends on your choice to itemize versus take the standard deduction.
