The FICA rate of 15.30 % is paid half by the employer and half by the employee...or entirely by the taxpayer if self employed (or self employed income). However, what is considered fica taxable earnings is different than either your gross wage or even income taxable wages....ang you have to calculate it first.
The employee's portion of te combined FICA rate is 7.65% of FICA applicable wages. FICA wages may be different than any others (like taxable, or gross, or state, etc) wages...none of which may actally be the amount you received.
For tax year 2007, FICA stops being taken out on wages at $92,500. Wages received over that amount are not taxed. Sharon http://taxresolutionaries.blogspot.com
There are fifty two weeks in a year. Therefore, 35000 dollars a year is equal to 673.07 dollars per week.
approx 75 rs.
$35000 for 1 person
why wasn't fica taken out of std checks
The fica is taken out of your paychecks and added to the Social Security fund.
The employee's portion of te combined FICA rate is 7.65% of FICA applicable wages. FICA wages may be different than any others (like taxable, or gross, or state, etc) wages...none of which may actally be the amount you received.
For tax year 2007, FICA stops being taken out on wages at $92,500. Wages received over that amount are not taxed. Sharon http://taxresolutionaries.blogspot.com
depends on your deductions...such a how many dependents and also whether or not you have insurance, dental premuims taken out
You can apply and if you worked at any other job in the last year that did pay fica you can draw on that income.
As of 20th June 2009, 35000 Indian Rupees = $728.79
35000
35000
35000
$25,000 per month
11666.6666 repeating