Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,112,283 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Medicare Wages

    0.01 sec.
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.

Medicare Wages
Total wages paid to an employee that are subject to Medicare tax. This amount doesn't include tips, which are reported separately.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Wages and cash compensation" is the amount entered in the Medicare wages and tips box on IRS Form W-2.
No amounts are shown in boxes 3 and 5, Social Security and Medicare wages.
Municipal income tax uniformity * Uniform base for employee withholding and taxation based on Medicare wages, including non-qualified deferred compensation at the time of deferral but excluding Section 125 health benefit and cafeteria plan contributions.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.