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 and Medicare Tax (Social Security Tax) Q & A What is FICA tax? (Federal Insurance Contribution Act) FICA Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents. What is Medicare tax? Government service that helps provide healthcare for senior citizens and disabled U.S. citizens. Who has to pay FICA/Medicare tax? All employees except for the following: 1.) Any working student registered and attending classes worth 6 (six) or more credit hours 2.) Qualifying Nonresident Alien employees under tax treaty. How are FICA and Medicare tax calculated? FICA is 6.2% of Taxable Gross for employees and 6.2% for employers. Medicare is 1.45% of Taxable Gross up to $200,000 and 2.35% on wages over $200,000 What is the FICA cap for the current year? 2014- $117,000 There is no cap Medicare I am receiving Social Security Benefits do I still have to pay