4.2
That won't be known until the last quarter of 2009.
In 2009, the IRS set annual Social Security wage base limit at $106,800 at 6.2%. That would make the maximum FICA withholdings $6,621.60.
what is the FICA rate for 2011
is there an age limit on who pays fica taxes
4.2
$110,000
That won't be known until the last quarter of 2009.
In 2009, the IRS set annual Social Security wage base limit at $106,800 at 6.2%. That would make the maximum FICA withholdings $6,621.60.
what is the FICA rate for 2011
are employees that are currently receiving social security and medicare benefits subject to fica withholding
Yes and no. Federal Withholding is usually Federal income tax. FICA is Social Security. Different percentage, goes to a different place.
is there an age limit on who pays fica taxes
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
Federal and state income taxes, and FICA
It would seem logical that a negotiator who is a full time employee of, for example, the Teamsters Union, would be subject to FICA withholding taxes.
It should be listed as FICA. Listed next to Federal and State withholding, you'll also see FICA - that is your contribution to Social Security.