Medicare Wage

Medicare Wage

Any wage or salary that is subject to the Medicare tax. As the name implies, the Medicare tax is a tax on top of one's income tax and Social Security tax that goes to fund Medicare. Generally speaking, only ordinary wages and salaries are Medicare wages. Tips and bonuses usually are exempt from the tax.
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References in periodicals archive ?
Menendez has been the key Congressional champion of this policy for several years, providing the states hospitals with hundreds of millions in additional Medicare wage payments.
000 for each payer and for geographic wage differences using the Medicare wage index reweighted to 1.
Regarding the tax changes, starting in 2013, the new bill will increase the Medicare wage tax by 0.
The Medicare disproportionate percentage is within one standard deviation of the mean percentages of all hospitals in the geographic area used for Medicare wage adjustment.
The primary reasons for this improvement are initiatives by management to enhance revenues, control expenses, improve quality, and increase patient volume as well as a Medicare wage reclassification which brought in an additional $1.
We believe that the Medicare Wage Index and general overhead costs per day at the hospital level meet these criteria.
The Medicare wage base will also increase for 1993 to $135,000 from the 1992 base of $130,200.
In fiscal 2005, MMH is expected to benefit from increased reimbursement from the Medicare Wage Index reclassification in the amount of $2.
Additionally, Sharon received increased reimbursement from the Medicare Wage Index reclassification in the amount of $1.
Fiscal 2003 performance was impacted by rising operating expenses and a decline in the Medicare wage index and resulted in a negative operating margin of 0.
The elimination of the Medicare wage base cap, effective in 1994, significantly increased the total tax associated with self-employment (SE) income.
For example, if, in 1993, an employee participating in a nonqualified deferred compensation plan had other wages at least equal to the applicable FICA and Medicare wage bases for 1993, the inclusion in wages of an amount deferred would not have resulted in any additional FICA tax liability for that year.