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This is definitely something to act on ASAP.
If I got what your saying...your pay has FICA taken out (presumably at 7.65% employee rate) and you....wisely...have reviewed your record with the SS, and it shows no contibutions (of the 15+ % that is emplyer + employee rate) getting there.
Sounds like your small shop isn't paying over it's withholding...at least of this. (Partner? Payroll service? Bookkeeper?).
On the report from SS you received there is info on how to protest if the record is wrong....follow it. Preferably use certified mail and keep copies of your protest...and if there are any phone numbers call them too. I appreciate that your in a small, presumably respectful and friendly shop...but SS or tax withholdings don't just disappear like that, especially for that time, without there being some substantial problem.
What else can I help you with?
What tax deductions can not appear on a payroll withholding statement?
There are several tax deductions that appear on a payroll statement. These are FICA, which is Medicare and Social Security, along with income tax and OASDI. OASDI stands for old age, survivors, and disability insurance.
What is the primary source of revenue for social security?
I believe, its just a social security tax.
What two payroll deductions are withheld under the fica heading?
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
What are the two of payroll deductions?
One type of payroll deduction is all the taxes you have to pay such as federal, state and social security. Another type of deduction is your health insurance.
Do seniors over 65 have FICA deductions?
Yes, seniors over 65 who are still working are subject to FICA deductions (Social Security and Medicare taxes) on their wages. Once they start receiving Social Security benefits, they no longer have to pay the Social Security portion of FICA, but they still contribute to Medicare through payroll taxes.
What kind of payroll deductions are MCEE and TSSE?
MCEE stands for Medicare Employee Contribution and TSSE stands for Social Security Employee Contribution. These deductions are taken from an employee's paycheck to fund the Medicare and Social Security programs. The rates for these deductions are set by the government and are based on a percentage of the employee's earnings.
What social program is supported by deductions from paychecks of American employees?
FICA is the social program that is supported by deductions from the paychecks of American employees. Payroll taxes are calculated based on the amount of the taxpayers pay and are mandatory deductions. The programs that are deducted from the checks are social security taxes and the Medicare Program.
This social program is supported by deductions from paychecks of American employees.?
FICA is the social program that is supported by deductions from the paychecks of American employees. Payroll taxes are calculated based on the amount of the taxpayers pay and are mandatory deductions. The programs that are deducted from the checks are social security taxes and the Medicare Program.
What is another name for a payroll deduction?
Payroll deductions are also called withholdings. Things typically withheld from earnings are state and federal income taxes, social security, and national insurance.
The social program that is supported by deductions from paychecks of American employees is the?
FICA is the social program that is supported by deductions from the paychecks of American employees. Payroll taxes are calculated based on the amount of the taxpayers pay and are mandatory deductions. The programs that are deducted from the checks are social security taxes and the Medicare Program.
What two deductions are withheld under the FICA heading?
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
What two deductions are withheld under FICA heading?
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
