Fica Percent What Is The FICA?

Friday, January 1, 2010

What is the FICA? - fica percent

How can you deduct if it became what it is, what is the average percentage of depreciation definition.

Bostonian In MO said...: FICA stands for the contribution to social security. It is the combination of Medicare and Social Security taxes all income will be evaluated. The tax is actually 2nd Be held earlier than deductions for FICA, but is now reported separately on the Social Security and Medicare. Some employers may not always paid the heels of the withholding tax by CIFA, but your Form W-2 shows the level of taxes separately.

Contributions to social security is valued at a rate of 6.2% for the first $ 97,400 of annual income. Employers and employees are evaluated each paid 6.2% of pay for a combined rate of 12.4%.

Tax health insurance is worth estimated at 1.45% on all income, again with the employer and the employee pays the same amount of a combined rate of 2.9%

The self-employed must pay both parts of the tax, so that only 15.3% for the first 97,400 of all income and 2.9% of all income above $ 97,400 per year.; January 6, 2010 at 2:18 AM

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