The Russian president takes the crown from U.S. President Barack Obama, who has been on top every time except 2010, when Chinese president Hu Jintao briefly took his place. Let's begin by saying this: The list is right, Putin is clearly the most powerful person in the world right now. However, the Forbes list shouldn't be a shock â it's correcting itself.
MEDI is the Medicare tax withheld for contributions to the social insurance system better known as Medicare insurance. It is calculated at 1.45% of gross wages minus pre-tax deductions such as family medical and dental premiums. There is no limit on wages on which the tax is calculated. more.
2014 Social Security and Medicare Tax Withholding Rates and Limits. For 2014, the maximum limit on earnings for withholding of Social Security (Old-Age, Survivors, and Disability Insurance) Tax is $117,000.00.The maximum limit is changed from last year. The Social Security Tax Rate remains at 6.2 percent. The resulting maximum Social Security Tax for 2014 is $7,254.00.There is no limit on the amount of earnings subject to Medicare (Hospital Insurance) Tax.014 Social Security and Medicare Tax Withholding Rates and Limits. For 2014, the maximum limit on earnings for withholding of Social Security (Old-Age, Survivors, and Disability Insurance) Tax is $117,000.00.