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.
FICA Tax Withholding. The second type of federal tax which employers are required to withhold from their employees' payroll checks is the Federal Insurance Contribution Act (FICA) tax. The FICA tax includes contributions to two federal programs, Social Security and Medicare. The tax rate for FICA taxes does not often change but the earnings on which those taxes are applied changes from year to year. In 2006, full FICA taxes of 7.65 percent were due on the first $94,200 earned. Only the Medicare portion of the FICA tax, 1.45 percent, was due on earnings over $94,200.