What is the annual wage limit that is subject to medicare tax?

Answer There is no annual wage limit for Medicare taxes. For 2009, individuals must pay Medicare tax of 1.45% on all earnings.Source:Social Security and Medicare Taxes

Top Q&A For: What is the annual wage limit that is subject t...

What is the annual wage for a sergeant in the army?

It depends on several factors including length of service (and also what KIND of sergeant). I've included a link to the military pay tables; a Sergeant in the Army specifically (as opposed to Staff... Read More »

Is a money market subject to the FDIC limit?

The FDIC insurance limit of $250,000 applies to bank money market accounts. Co-owners of an account are insured up to $250,000 each. Money market mutual funds are not insured by the FDIC.References... Read More »

If you have an HMO Medicare Plan that you are not satisfied with can you go back to Medicare being the primary plan?

Answer Yes. All you have to do is send in a cancellation letter or send it to your insurance agent and have them send to the HMO company. Once they receive it, they will then have medicare reinsta... Read More »

What Is the Minimum Amount of Income That Is Not Subject to US Taxes?

The IRS allows each taxpayer to receive a certain level of income during each tax year that is not subject to U.S. taxes. There is no minimum amount you must earn to receive this tax-free benefit; ... Read More »