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.
Employer's Payroll Expenses. Employers are also required to pay Social Security and Medicare taxes based on their total payroll. The total employer and employee payroll taxes are also called FICA taxes, because they are requirements under the Federal Insurance Contributions Act.The employer is also required to remit unemployment tax payments under the Federal Unemployment Tax Act (FUTA). There is no equivalent employee portion of FUTA.mployer's Payroll Expenses. Employers are also required to pay Social Security and Medicare taxes based on their total payroll. The total employer and employee payroll taxes are also called FICA taxes, because they are requirements under the Federal Insurance Contributions Act.