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CITY AND COUNTY OF SAN FRANCISCO                OFFICE OF THE CONTROLL CITY AND COUNTY OF SAN FRANCISCO                OFFICE OF THE CONTROLL

CITY AND COUNTY OF SAN FRANCISCO OFFICE OF THE CONTROLL - PDF document

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CITY AND COUNTY OF SAN FRANCISCO OFFICE OF THE CONTROLL - PPT Presentation

x0000x0000One South Van Ness Avenue 8th FloorSan Francisco CA 94103Page of SOCIAL SECURITY FICA AND SDI RATES FOR 20FICAThe total FICA tax rate is 65for employeesand total FICA tax rate is 765 for emp ID: 868061

medicare tax taxable maximum tax medicare maximum taxable additional 000 wage base 200 filing ratemaximum x0000 rate fica total

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1 CITY AND COUNTY OF SAN FRANCISCO
CITY AND COUNTY OF SAN FRANCISCO OFFICE OF THE CONTROLLERPayroll/Personnel Services DivisionTEL (415) 7013400FAX (415) 7013401 ��One South Van Ness Avenue, 8th FloorSan Francisco, CA 94103(Page of SOCIAL SECURITY (FICA) AND SDI RATES FOR 20 FICAThe total FICA tax rate is .65%for employeesand total FICA tax rate is 7.65% for employers FICA is made up of two parts: OASDI (OldAgeSurvivor Disability Insurance) and HI (Hospital Insurance), which is Medicare. The 20rates are as follows: OASDI Tax rateMaximum taxable wage base - Maximum tax .2%127,200.00 $ 7, 886 . 4 0 ** ploye r Tax rateMaximum taxable wage base - Maximum tax 6.2%127,200.00 $ 7,886 . 4 0 * * * HI (Medicare) for Employee/Employer Tax rateMaximum taxable wage base - Maximum tax 1.45%No imit No Limit * The 20 ADDITIONAL MEDICARE TAX Additional Medicare Tax wentinto effect for taxable years beginning after December 31, 2012.The rate is 0.9 percent plus 1.45%, Total Additional Medicare Ta

2 x is 2.35% Employers donot pay the addit
x is 2.35% Employers donot pay the additional 0.9% in INDIVIDUALS LIABLE FOR ADDITIONAL MEDICARE TAX An individual is liable for Additional Medicare Tax if the individual’s wages, other compensation, or selfemployment income (together with that of his or her spouse if filing a joint return) exceed the threshold amount fortheindividual’s filing status. See chart below: ��Page Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household (with qualifying person) $200,000 Qualifying widow(er) with dependent ch ild $200,000 SDIThe 20State Disability Insurance tax is as follows: SDI Tax rateMaximum taxable wage base - Maximum tax 0.9$110,902.00 $ 9 98.12 *** * The 20SDI tax rate was 0.9** The 20SDI maximum taxable wage base was $742.00** The 20SDI maximum tax was $960.68QUESTIONSIf you have questions regarding the information on this directive, please contactElizabeth Liat (415) 70134