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Is medicare an optional deduction?

Medicare, like social security is a mandatory deduction.


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


Is an optional deduction?

Medicare, like social security is a mandatory deduction.


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.


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


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 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.


What is fica retire?

It's either Social Security, or a combination of Social Security and Medicare. Paycheck deduction statements may combine the individual FICA deduction for Medicare and Social Security into one deduction and call it "Retire". Rest assured that it's not YOUR retirement, and you'll never see that money again.

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