Medicare payroll tax on earned income. The Medicare payroll tax is 2.9%. It applies only to earned income, which is wages you are paid by an employer, plus tips. Youâre responsible for 1.45% of the tax, and itâs deducted automatically from your paycheck. Your employer pays the other 1.45%.
Plan administrator. Plan Administrator. The person or company that manages a pension. That is, the plan administrator makes investment decisions with the contributions the employer and/or employees have made. The plan administrator is responsible for keeping the pension on sound financial footing.
Administrator: the person with the delegated responsibility for the operations covered by the policy document and is identified as the policy document owner. Approval Authority:a committee, position or individual with authority to approve policy documents.he term âinstructionsâ is defined in the âDefinitionsâ section. Policy Document Development and Review Procedure Effective Date: 21/05/2014 Reference Number/Code: 1166 Page 4 of 8 Once PRINTED, this is an UNCONTROLLED DOCUMENT.