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
1.) Consider two chains R and S, each having 3 and 6 links respectively. Each link's resisting strength is normally distributed with a mean of 60,000 psi and standard deviation of

Accounting system is one prevalent among agencies in voluntary sector. Transactions are registered in journals only when cash is in fact paid out or taken in. The primary virtue of

Mention the characteristics of statistics. Explain any two application of Statistics

A prevent of huge m = 10 kg is drawn by a power F = 100 N at a position q = 30o with the horizontally along a sleek horizontally exterior. What is the speed of the block? (g = 10 m

1. In your own words explain the difference between a point estimate and an interval estimate of a parameter? Which is better? Why?  2. What information is necessary to calculat

discuss the considerations to be born in mind when constracting index numbers

All Excel output should be copied into a single Word document where you must enter all of your responses to the questions below. Format the document professionally so it flows well

1. Suppose you are given a dataset that consists of a random sample of tasters, on which the following variables were obtained: (y) Zpref = taste preference for green beans stor

what are the function of statistics in business onganizations?

Background: There was no 2004-05 National Hockey Leagues (NHL) season because of a labour dispute between the players and the teams. One of the outcomes of the labour dispute was