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Some paystubs have Medicare and Social Security taxes listed separately while others have them combined and listed as FICA Taxes. Check your paystub to be sure your employer isn't deducting it before contacting the IRS.

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Q: What if your employer did not take out FICA tax?
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Must an employer offer Flexible spending account?

Flexible Spending Accounts or FSAs are are pre-tax healthcare benefit offered by employers to their employees in an effort to offset the high costs of healtcare expensives. An employer is not obligated to offer the plan to their employee, but if they do, the monies deposited into the FSA saves the employer on paying FICA for the contributions.


Is it Illegal for employers to discriminate due to tax liens?

If the person with the liens is employed in a "position of trust' within the company and the employer believes that because of the employees financial status that his trust in that person may be misplaced, or that his trust is in jeapordy, he may, at his discretion, take some kind of action to protect his interests. (Note: If you are employed in a "right-to-work" state, your employer can make any change in your employment he wishes, up to and including discharging you.).


How far back can an employer do a background check in Texas?

They can go as far back as they wish with the exception of certain items which can only be searched 7 years into the past those items are bankruptcies, tax liens, and judgments.


How long does it take a creditor to garnish your wages in Tennessee?

A creditor may (but is not required to) issue a garnishment as soon as a judgment becomes final (10 days in general sessions court or 30 days for circuit or chancery court). After an employer receives notice of the garnishment, the employer has 30 days to answer. The employer will then begin withholding wages and sending them to the court.


What percent of taxes are taken out of your pay check in Washington?

It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax. Some vary not just by State, but by company...or job in the company. The amount (or percentage) of income tax withheld also depends on many other things...obviously which state (or even city) your in (although that may be a surprisingly small variable), the amount of income your projected on earning over the year (because that helps determine your tax bracket and the percent that may be needed), as well as your filing status, number of dependents and other deductions. And other possible income. And some things are taken out as a straight percentage up to a certain amount of income being earned in a year, and then stop (like FICA). All these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to. Understand that the definition of income changes with each application...your income from your employer is one thing, but the taxable income is different for the IRS, the State, and each other. Finally, there are a number of different legal ways for the payroll provider to calculate certain aspects of the amount to withhold...but overall they make only a small difference. Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty). Again, adjusting your W-4 is the way to correct for any of these circumstances.

Related questions

What is the maximum fica tax for 2011?

The maximum FICA tax for 2011: Employee 5.65% Employer 7.65% SSI: Employee 4.20% Employer 6.20% MED: Employee 1.45% Employer 1.45% Income subject to SSI tax: $106,800 Employee $4,485.60 Employer $6,621.60


What is the maximum fica in 2011?

The maximum FICA tax for 2011: Employer 7.65% SSI: Employee 4.20% Employer 6.20% MED: Employee 1.45% Employer 1.45% Income subject to SSI tax: $106,800 Employee $4,485.60 Employer $6,621.60


What tax is matched by your employer?

Many are paid in whole or part by the employer. FICA is split 50/50


What is the fica tax rate?

6.2% for the employee, and an identical amount for the employer (not including Medicare)


What is the fica taxes for 2010?

Still 6.2% for both employer & employee. Actually, that 6.2% is just for the social security tax portion of FICA. FICA consists of social security and medicare. The total FICA tax is 7.65%, which includes the 1.45% medicare tax. There is currently a limit on the social security tax portion (6.2% of $106,800--which is $6,621.60), while there is no medicare limitation.


How much FICA take from Income Tax in 2013 in the US?

The FICA rate for employees of any business is 6.2% for the employee and 6.2% for the employer to each pay. The employee will have the tax withheld from their pay check and the employer will add their portion when a deposit is made monthly or more often depending on the amount owed by business. Some years ago the FICA (Social Security Tax) and Medicare Tax was separated. The Medicare tax is 1.45% for each the employer and employee in the same method. The only difference is that the Social Security tax is imposed on the the first $113,700 of income that an employee is paid during a calendar year and the Medicare tax is imposed on all income without a limit.


What tax is paid equally by the employer and employee is the?

The required Social security and medicare taxes. Also known as the FICA taxes.


Why would you want your employer to take out FICA and medicare taxes?

It's not an option for him, by law, your employer MUST withhold these taxes from your pay.


Can an employer force you to pay fica?

An employer is required by law to subtract FICA from your paycheck (or pay it himself and add the amount as additional income on your W-2) as well as pay his own share. Your employer will deduct the amount from your salary with or without your consent. In rare cases where the employer cannot deduct FICA from your salary (for example, you work mostly on tips and your salary is less than what you owe for FICA), your employer will simply report the uncollected amount to the IRS on your W-2 and whether you pay or not is between you and the IRS. Similarly, if you have unreported tips or self-employment, your employer will not get involved in whether or not you pay.


What is MED FICA tax?

MED tax is the tax that is paid to Medicare. FICA tax is the tax paid to pay for Social Security benefits.


What is the purpose of a FICA tax?

A Fica tax has several different purposes that serve different people. A Fica tax serves to finance government educational programs and developmental projects. A Fica tax also provides those who are disabled and/or retired with insurance.


Does an employer have to pay FICA for a part time employee?

FICA contributions, including various sub (categories of things like SS, Disability, Health, etc) are 15.30% of FICA wages. What is considered FICA wages differ from other wage considerations in many ways, (it has a top limit of about 97.5K, how pension contributions factored, State taxes, etc.). If you are an employee, the employer MUST pay half of the contribution. If your self - employed, the amount normally paid by the employer is collected through something called the "self employment tax" when you file your income tax return.