|
gptkbp:instanceOf
|
gptkb:law
|
|
gptkbp:additionalMedicareTax
|
0.9% (income above threshold)
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:appliesTo
|
wages
employers
employees
|
|
gptkbp:codifiedIn
|
gptkb:26_U.S.C._Chapter_21
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:dateEnacted
|
1935
|
|
gptkbp:excludes
|
some religious groups
certain state and local government employees
students working for their school
|
|
gptkbp:fullName
|
gptkb:Federal_Insurance_Contributions_Act
|
|
gptkbp:fundedBy
|
gptkb:Medicare_Hospital_Insurance_(HI)
gptkb:Old-Age,_Survivors,_and_Disability_Insurance_(OASDI)
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
FICA
|
|
gptkbp:medicareRate2024
|
1.45%
|
|
gptkbp:medicareWageBase2024
|
no limit
|
|
gptkbp:penaltiesForNoncompliance
|
IRS fines and interest
|
|
gptkbp:purpose
|
fund Medicare
fund Social Security
|
|
gptkbp:relatedTo
|
gptkb:Social_Security_Act
gptkb:Medicare_Program
gptkb:Self-Employment_Contributions_Act_(SECA)
|
|
gptkbp:socialSecurityRate2024
|
6.2%
|
|
gptkbp:socialSecurityWageBase2024
|
$168,600
|
|
gptkbp:taxRate2024
|
7.65% (employee)
7.65% (employer)
|
|
gptkbp:taxStatus
|
payroll tax
|
|
gptkbp:withholdingMethod
|
payroll deduction
|
|
gptkbp:bfsParent
|
gptkb:Acapulco_International_Film_Festival
gptkb:Lucsonne_Janvier
gptkb:Jean_Patrick_Baptiste
gptkb:Federal_Insurance_Contributions_Act
|
|
gptkbp:bfsLayer
|
6
|