A Learn About Fica, Social Security, And Medicare Taxes card must be presented to the Human Resource representative at the time an employee signs up as a new employee at Iowa State University. If you do not have a Social Security number, you must contact the Social Security Administrative Office to apply for a number.

tax return

Basically, you as an employee can modify your federal and state tax withholding by following an as-needed basis. For example, if you anticipate getting a sizeable federal refund, adjusting your W-4 will play a big role in helping you do that. In making this determination, you do not consider wages paid by other employers or earnings of the individual's spouse. Also, the "ignore the spouse's earnings" rule applies even if both spouses work for the same company.

Single filer earning $210,000

If you are an, you need to start withholding that surtax the moment the money you pay your employee is more than $200,000 in one year. Remember that fringe benefits that are subject to tax need to be included in your calculation, however fringe benefits that are not subject to tax do not need to be included. Although you only have to start withholding surtax once the pay amount goes beyond $200,000, once you start withholding, you have to do it for every pay period of the year. When you start calculating this amount and withholding the surtax, you don’t need to take into consideration any wages your employee might receive from someone else; just what you pay them. This rule of disregarding the other spouse’s earnings will apply to both of the spouses even if the both work for the same employer. If you do not withhold the 0.9 percent surtax for Medicare, then the obligation to do so falls on your employee.


If it's below the wage base for a particular employee, then the FICA tax rate applied is 7.65%. If it's above the wage base, then you need to apply the Social Security tax rate to wages up to the wage base and the Medicare tax rate to all compensation.

What is the FICA Tax? 2022/2023 Tax Rates and Instructions

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