|
gptkbp:instanceOf
|
payroll tax
|
|
gptkbp:additionalMedicareTaxAppliesOver
|
$200,000 (single filers)
|
|
gptkbp:additionalMedicareTaxRate
|
0.9%
|
|
gptkbp:appliesTo
|
wages
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:dateEnacted
|
1935
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:fundedBy
|
gptkb:Medicare
Social Security
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
FICA taxes
|
|
gptkbp:imposedBy
|
employers
employees
|
|
gptkbp:Medicare_tax_rate_(employee)
|
1.45%
|
|
gptkbp:Medicare_tax_rate_(employer)
|
1.45%
|
|
gptkbp:Medicare_wage_base_limit
|
no limit
|
|
gptkbp:notableCollection
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:notPaidBy
|
independent contractors
|
|
gptkbp:purpose
|
fund retirement, disability, and health insurance programs
|
|
gptkbp:selfEmployedPay
|
gptkb:Self-Employment_Contributions_Act_(SECA)_taxes
|
|
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:standsFor
|
gptkb:Federal_Insurance_Contributions_Act_taxes
|
|
gptkbp:bfsParent
|
gptkb:Fee-Basis_Government_Officials
gptkb:Federal_Insurance_Contributions_Act_taxes
|
|
gptkbp:bfsLayer
|
7
|