Employer-paid group-term life insurance coverage in excess of $50,000 This fringe benefit is subject to the withholding of Social Security and Medicare taxes (FICA) only. Though the amount is included in gross wages, federal and state income tax withholding is not required.
To get the answer to that question, we need to look back more than a century. Alexander Graham Bell invented the telephone in 1876. And then in 1900, on December 23 on the outskirts of Washington, D.C., an inventor named Reginald Fessenden accomplished a remarkable feat: He made the first wireless telephone call.
The only problem with this is the fact that the rotary phone, which allows for specific number dialing through a series of pulses that are controlled by a user dial, has been around since 1904. The first actual rotary phone patent dates back even further, having been invented by John and Charles Erickson, and their partner A.E. Keith, in 1896. It wasnât until 1919, however, that the first rotary dial entered into service. This trio worked for a company named Almon Strowger.