Oct. 30, 2015 (All day) For additional semester dates and deadlines visit, the Registrar's office website. More.
FICA taxes aren't usually deductible on your return. The Federal Insurance Contributions Act imposes both a Social Security tax and a Medicare tax on income you earn from working during the year. When you work as an employee, you split the tax with your employer and your employer simply takes it out of your paycheck.hough self-employment taxes include the same taxes -- Social Security and Medicare -- as FICA taxes, they're treated differently on your income taxes. See, when you're self-employed, you pay the equivalent of both the employer and the employee portion of the FICA taxes.
What Percentage Of Medicare Does An Employer Match? The employer matches half of what an individual contributes to medicare in the form of payroll deductions. The total that is withheld is 2.9% of an individuals gross income. the employer will contribute 1.45% and the employee will contribute the remaining 1.45%. The amount of medicare tax that is deducted from an individuals paycheck does not change regardless of how low or high the income level may go.