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.
Taxes for Medicare, too. The FICA tax is a combination of social security (6.2%) and Medicare (1.45%) â for a grand total of 7.65% each for employers and employees. Since there is still no wage limit when it comes to the Medicare tax, the wage base limit of $118,500 does not apply to Medicareâs 1.45%.