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.
Federal Insurance Contributions Act tax. Federal Insurance Contributions Act (FICA) tax (/ËfaÉªkÉ/) is a United States federal payroll (or employment) tax[1] imposed on both employees and employers to fund Social Security and Medicare[2]âfederal programs that provide benefits for retirees, disabled people, and children of deceased workers.