Creosote. Summary: Creosote is the name used for a variety of products: wood creosote, coal tar creosote, coal tar, coal tar pitch, and coal tar pitch volatiles.These products are mixtures of many chemicals created by high-temperature treatment of beech and other woods, coal, or from the resin of the creosote bush.reosote. Summary: Creosote is the name used for a variety of products: wood creosote, coal tar creosote, coal tar, coal tar pitch, and coal tar pitch volatiles.
The federal withholding is for income tax and FICA pays the Social Security tax and medicare tax. The FICA tax has to be matched by your employer, so whatever is deducted from your pay for FICA, double the amount is paid to the IRS. FICA is limited to the first $102,000 of earnings.
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