A legal procedure by which a creditor can collect what a debtor owes by reaching the debtor's property when it is in the hands of someone other than the debtor. Garnishment is a drastic measure for collecting a debt. A court order of garnishment allows a creditor to take the property of a debtor when the debtor does not possess the property. A garnishment action is taken against the debtor as defendant and the property holder as garnishee.
FICA & Medicare Payroll Tax Rates for 2013. 2013 FICA and Medicare Tax Rates. The rate is 7.65% in total: 6.2% for the Social Security portion and 1.45% for Medicare. FYI, this had been reduced by 2% to 4.2% over the past few years as part of payroll tax holiday to help with the economic recovery. Social Security.
Employer Rates. Employers are also required to pay FICA and Medicare taxes on wages paid to employees. In 2011, unlike the employee's rate, which decreased from the previous year, the employer's FICA rate remained unchanged from 2010 at 6.2 percent of taxable wages to $106,800 for the year. The employer pays the same as the employee for Medicare tax -- 1.45 percent in 2011.