2266.68
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
45713.25
The maximum amount of wages subject to the FICA-Social Security tax for 2009 is $106,800. There is no limit on the amount of wages subject to the FICA-Medicare tax.
All tips are subject to FICA taxes until you hit the wage cap for the year.
Social Security retirement checks are subject to FICA taxes (Social Security and Medicare taxes) unless an individual has already reached the maximum taxable earnings limit for the year. Once the maximum limit is reached, no further FICA taxes are deducted from the retirement checks.
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.
47000 times 7.65 % the amount of FICA would be 3595.50.
Your premise is wrong. FICA is paid on FICA wages (different than reportable income in many ways), and is paid by everyone up to a certain FICA wage limit, which increases with cost of living...currently about 102K a year. If your seldf employed, you pay essentially 2x as much as an employee...because the company of an employee pays half the total 15.3% total tax. (So the owner of your company pays 7.65% FICA for each of his employees).
It hasn't come out yet. But it will sometime in later this year 2009. You can always check eBay. It hasn't come out yet. But it will sometime in later this year 2009. You can always check eBay.
That would be 33,000 divided by approx 52 which equals 634 dollars. (Minus Federal, State, and FICA witholding)
No, you will receive your SSI check on Friday the 28th