Rhyme Awareness Rhyme awareness is the understanding that certain word endings sound alike, and therefore contain the same sounds, such as the short /a/ and /p/ sounds in cap and map or the long /i/ and /t/ combination in fight and kite.
Most high-income retirees will have 85% of Social Security benefits taxable. For lower-income retirees, less than 85% will be taxable, but many retirees in a 12% tax bracket will face a marginal tax rate much higher than 12%. Social security benefits are also taxable in some states (see Figure 1.) For social security taxes imposed on earned wages, see the Social Security article.
FICA taxes consist of Social Security tax and Medicare tax. In 2012, the FICA tax rate is 5.65 percent, which breaks down to 4.2 percent for Social Security and 1.45 percent for Medicare.Employers calculate the FICA tax using your gross pay.There is an annual wage limit for Social Security tax. In 2012, the wage limit is $110,800.n this case, the Social Security tax calculation is 4.2 percent multiplied by $1,788.54, which works out to be $75.12. The Medicare tax portion is $25.93, or 1.45 percent multiplied by $1,788.54. Your total FICA taxes are $101.05.