Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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IRS Issues Proposed Regs on High-Earners' Additional Medicare Tax
Society for Human Resource Management [SHRM]; membership may be required to view article Dec. 5, 2012 "Unlike Social Security, the amount of compensation subject to the 1.45 percent Medicare FICA tax is uncapped.... The additional tax differs from the standard Medicare tax in that there is no employer portion to correspond to the additional amount owed by the employee.... The proposed rules clarify that calculating wages for purposes of withholding the additional Medicare tax is no different than calculating wages for FICA generally." |
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