Post by admin1 on Feb 8, 2006 19:01:48 GMT -5
FICA is often referred to as the Social Security tax.
For the calendar year 2006, the first $94,200.00 gross taxable wages are subject to the FICA tax rate of 6.2 percent.
The maximum amount of FICA tax which an employee will pay for 2006 is $5,840.40.
2006 Medicare - 1.45% No limit or ceiling
For the calendar year 2006, the first $94,200.00 gross taxable wages are subject to the FICA tax rate of 6.2 percent.
The maximum amount of FICA tax which an employee will pay for 2006 is $5,840.40.
2006 Medicare - 1.45% No limit or ceiling