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The percent of social security tax charged and the amount of salary subject to the tax can change from year to year?
Wiki User
∙ 13y ago
Yes that can and does happen in some years. BUT not for 2009 and 2010. July 28 2010.
Wiki User
∙ 13y ago
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What is the percent charged or earned on an amount of money?
Rate of interest.
What is the 2008 social security tax base?
=== === The maximum amount of wages subject to Social Security tax for 2008 is $102,000. There is no limit on the amount of wages subject to Medicare tax.
Maximum amounts of earnings subject to FICA taxes?
When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60
I was charged 1191.96. There was an 8 percent fee included in the total. What is the dollar amount of that 8 percent fee.What is that calculation?
The unknown amount + 8% of this unknown amount = 1191.96. Convert this to the following equation, and solve it: x + 0.08x = 1191.96. This will give you the original amount; it is then easy to calculate 8% of this original amount.
When do you stop paying FICA for the year?
The maximum amount of wages subject to the FICA-Social Security tax for 2009 is $106,800. There is no limit on the amount of wages subject to the FICA-Medicare tax.
What is the maximum 2004 social security withholding?
For the year 2004 the maximum earnings subject to the 6.2% social security tax was 87,900. For the year 2004 the amount was 5449.80 maximum contribution amount to the OASDI program social security benefit program.
Are earnings in excess of the social security base amount are not taxed?
They are not subject to the Social Security tax. But they are subject to all other taxes including Medicare tax, federal income tax, and state income tax.
Do you pay social security on a retirement incentive payment that is not wages?
Yes it is very possible that the retirement incentive amount will be subject to social security taxes in the year that the is received.
What is the tax rate for the OSADI portion of social security?
The withholding amount by the employer from your earnings that are subject to the old age survivors disability insurance is 7.65% for the social security and medicare tax amount and the employer matches that amount for a total amount of 15.3%. When you have one employer the amount of FICA Old Age Survivor and Disability Insurance for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60. You do NOT have any cap LIMIT on the MEDICARE insurance contribution amount. The Employer Medicare 1.45% and the employee 1.45% the total medicare insurance amount of 3.9% will continue to be paid on all of you wages that are subject to the medicare insurance tax. For a self employed taxpayer the amount would be 15.3% on the net profit from the business operation.
What is the limit on earnings subject to a medicare tax deduction?
I suspect you mean wages subject to the FICA contribution/payment. (The payment is generally NOT deductible in determining taxable income). The maximum amount of wages subject to the social security tax for 2007 is $97,500. There is no limit on the amount of wages subject to the Medicare tax. === === The maximum amount of wages subject to the social security tax for 2008 is $102,000. There is no limit on the amount of wages subject to the Medicare tax. 2009 The maximum amount is $106,800, no limit to the medicare tax. Remember. the wage to be taxed is determined using different definitions of income than in other things (like income subject to income tax).
Rolex borrowed 3200 from his credit union for 4 years he was charged 9.8 percent simple interest what was his total amount he owed the credit union?
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What is the percentage rate for fica in ca?
The same amount that it would be in any other state. The withholding amount by the employer from your earnings that are subject to the old age survivors disability insurance is 7.65% for the social security and medicare tax amount and the employer matches that amount for a total amount of 15.3%. When you have one employer the amount of FICA Old Age Survivor and Disability Insurance for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60. You do NOT have any cap LIMIT on the MEDICARE insurance contribution amount. The Employer Medicare 1.45% and the employee 1.45% the total medicare insurance amount of 3.9% will continue to be paid on all of you wages that are subject to the medicare insurance tax.
