|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:additional_Medicare_tax_rate
|
0.9%
|
|
gptkbp:additional_Medicare_tax_threshold_(single_filer)
|
$200,000
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:appliesTo
|
wages
salaries
earned income
self-employment income
self-employed individuals (as SECA)
|
|
gptkbp:benefitsFunded
|
gptkb:hospital_insurance_(Medicare_Part_A)
disability insurance
retirement benefits
survivors benefits
|
|
gptkbp:component
|
gptkb:Medicare_tax
gptkb:Social_Security_tax
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:dateEnacted
|
1935
|
|
gptkbp:enables
|
gptkb:Social_Security_Act
|
|
gptkbp:excludes
|
certain religious groups
students working for their school
some nonresident aliens
|
|
gptkbp:fullName
|
gptkb:Federal_Insurance_Contributions_Act_tax
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
FICA tax
|
|
gptkbp:imposedBy
|
gptkb:federal_government_of_the_United_States
|
|
gptkbp:legalCitation
|
gptkb:26_U.S._Code_Chapter_21
|
|
gptkbp:Medicare_tax_rate_(employee)
|
1.45%
|
|
gptkbp:Medicare_tax_rate_(employer)
|
1.45%
|
|
gptkbp:Medicare_wage_base_limit
|
no limit
|
|
gptkbp:not_paid_on
|
investment income
unearned income
|
|
gptkbp:pays
|
employers
employees
|
|
gptkbp:purpose
|
fund Medicare
fund Social Security
|
|
gptkbp:relatedTo
|
gptkb:Social_Security_Administration
gptkb:Centers_for_Medicare_&_Medicaid_Services
|
|
gptkbp:reportedByEmployersOn
|
gptkb:Form_941
|
|
gptkbp:reportsTo
|
gptkb:Form_W-2
|
|
gptkbp:self-employed_rate
|
15.3%
|
|
gptkbp:self-employed_tax_name
|
Self-Employment Contributions Act (SECA) tax
|
|
gptkbp:Social_Security_tax_rate_(employee)
|
6.2%
|
|
gptkbp:Social_Security_tax_rate_(employer)
|
6.2%
|
|
gptkbp:Social_Security_wage_base_limit_(2024)
|
$168,600
|
|
gptkbp:total_rate_(employee)
|
7.65%
|
|
gptkbp:total_rate_(employer)
|
7.65%
|
|
gptkbp:withheldFrom
|
paychecks
|
|
gptkbp:bfsParent
|
gptkb:Social_Security_Benefit
|
|
gptkbp:bfsLayer
|
4
|