Employer''s fica tax rate for 2012, Basic Statistics

Employer's FICA tax rate for 2012

The employer's FICA tax amount for 2012 involves 1) the Public Protection tax amount of 6.2% of each individual's first $110,100 of income, incomes, etc., and 2) the Medical health insurance tax of 1.45% of each individual's complete income, incomes, etc. In other terms, the employer's FICA tax amount for 2012 is 7.65% of each individual's first $110,100 of income, incomes, etc. and then 1.45% of each individual's income, incomes, etc. that are above $110,100.

In inclusion to the employer's FICA tax, there is also an individual's FICA tax. However, the individual's Public Protection tax amount was decreased by two amount factors for the decades 2012 and 2011.

Expertsmind.com offers unique accounting assignment help

 

 

 

Posted Date: 3/31/2012 3:41:55 AM | Location : United States







Related Discussions:- Employer''s fica tax rate for 2012, Assignment Help, Ask Question on Employer''s fica tax rate for 2012, Get Answer, Expert's Help, Employer''s fica tax rate for 2012 Discussions

Write discussion on Employer''s fica tax rate for 2012
Your posts are moderated
Related Questions

Depreciation during the financial year  The Resources which are bought during the economical season and its determined that the Depreciation will be incurred on them @ 10% PA it

standard material qty per unit- 2 kg standard price per kg - 4 rs actual value of material purchased- 4000 rs closing stock- 200 kg actual usage- 2.5 kg finished stock sold- 200 u


One measure of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over several periods of time. Altho

Glaser Services acquired 30% of the outstanding common stock of Nickels Company on January 1, 2008, by paying $800,000 for the 45,000 shares. Nickels declared and paid $0.30 per sh


A. Northbound trucks leaving Helmand Province with USMC communications equipment must go through a washing process before getting underway, so as to prevent Tajikistan from gett

Tchebyshev Distance (Maximum Travel Distance per Trip Using Rectilinear Distance): It can be calculated by using following formula: d(X, Pi) = max{|x - ai|, |y - bi|} = ma

Individual Music scores Mathematics scores Angela 2 8 Arthur 6 3 Peter 4 9 Mike 5 7 Barbara 7 2 Jane 7 3 Jean 2 9 Ruth 3 8 Alan 5 6 Theresa 4 7 Assess the data using a Correlation