IW Fitness has the tools you need. Step-by-step instruction for inline skate bearing maintenance, including prepping the inline skate bearings, dissembling inline skate bearings, proper cleaning technique and materials, and reassembling your inline skate bearings.W Fitness has the tools you need. Step-by-step instruction for inline skate bearing maintenance, including prepping the inline skate bearings, dissembling inline skate bearings, proper cleaning technique and materials, and reassembling your inline skate bearings.
FICA taxes are somewhat unique in that there is required withholding from an employee's wages as well as an employer's portion of the taxes that must be paid. The Federal Insurance Contributions Act (FICA) is the federal law that requires you to withhold three separate taxes from the wages you pay your employees. 1  FICA is comprised of: 2  a 6.2 percent Social Security tax; 3  a 1.45 percent Medicare tax (the âregularâ Medicare tax); and.
What is FICA? The Federal Insurance Contributions Act is the federal law that requires you to withhold two separate taxes from the wages you earn. It includes Social Security Tax and Medicare Tax at a flat percentage rate. The Social Security Tax is 6.2% rate of your wages, and the Medicare Tax is 1.45% of your wages. If you earn more than $200,000, you will also be taxed an additional 0.9% Medicare surtax.