â¢ MINOR PREMISE (noun) The noun MINOR PREMISE has 1 sense: 1. the premise of a syllogism that contains the minor term (which is the subject of the conclusion) Familiarity information: MINOR PREMISE used as a noun is very rare.
The additional tax rate is 0.9% on employee income (employers do not have to contribute to this additional tax). The additional Medicare tax is effective for income over a specific level, depending on the individual's federal income tax filing status.
Federal Insurance Contributions Act (FICA) tax /ËfaÉªkÉ/ is a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare âfederal programs that provide benefits for retirees, the disabled, and children of deceased workers.he employer is also liable for 6.2% Social Security and 1.45% Medicare taxes, making the total Social Security tax 12.4% of wages and the total Medicare tax 2.9%.