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Does federal income tax withheld include social security and medicare

1 years ago
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Does federal income tax withheld include social security and medicare

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BoxDescription
A Employee's Social Security Number: Your social security number.
B Employer Identification Number: UC Berkeley's federal tax identification number.
C Employer's name, address, and ZIP code: The address of UC Berkeley's Central Payroll office.
D Control Number: Optional field for employer use.
E/F Employee's name, suffix AND employee's address and ZIP code: Your employee identification number, full name (as shown on your Social Security Card), and address (as listed in the HCM system).
1 Wages, tips, other compensation: Your total federal taxable gross pay.

This can include:

  • Wages, bonuses, and other cash compensation (including prizes or awards)
  • Non-cash fringe benefits
  • Executive life insurance
  • Imputed income
  • Non-qualified moving expenses
  • Taxable employee business expense reimbursements

This does not include:

  • 403(b) contributions
  • DCP contributions
  • Medical contributions
  • Health care (HCRA) and Dependent care (DepCare) contributions
  • All other pre-tax contributions
2 Federal income tax withheld: The total amount of federal income tax that was withheld from your wages, tips, and other compensation.
3 Social security wages: Total wages that are subject to social security tax.
4 Social security tax withheld: The amount of social security tax withheld from all OASDI taxable wages. This amount should be equal to 6.2% of the wages listed in Box 3 up to the maximum allowed.
5 Medicare wages and tips: The total wages, tips and other compensation that are subject to Medicare taxes. There is no limit on the amount of wages that are subject to Medicare taxes.
6 Medicare tax withheld: The amount of Medicare tax withheld from your Medicare taxable wages, tips and other compensation. This amount should be equal to 1.45% of the wages listed in Box 5.
9 Advance EIC payment: The total amount of any EIC (earned income credit) payments you have received during the year.
10 Dependent care benefits: The total amount of any dependent care you had deducted for the year.
11 Nonqualified plans: Amounts distributed to you from nonqualified deferred compensation plans or non-government Section 457 pension plan. The amount in Box 11 is already included as taxable wages in Box 1.
12 See inst. for box 12: The total amount of executive life insurance, 403(b) or 457(b) contributions, and excludable moving expenses.
  • Code C: Executive life insurance
  • Code E: 403(b) contribution
  • Code G: 457(b) contribution
  • Code P: Excludable moving expenses
  • Code W: Employer Contributions (including amounts the employee lected to contribute using a section 125 (cafeteria plan) to your health savings account.  Report on Form 8889, Health Savings Accounts (HSAs).
  • Code Y: Deferrals under a section 409A nonqualified deferred compensation plan.
  • Code Z: Income under a nonqualified deferred compensation plan that fails to satisfy section 409A. This amount is laso included in box 1. It is subject to and additional 20% tax plus interest. See "Other Taxes" in teh Form 1040 instructions.
  • Code DD: Cost of employer-sponsored health coverage.  The amount reported with code DD is not taxable. 
13 Retirement plan: This box is checked if you are a member of the UC retirement plan.
14 Other: This box is used by the University to report other information to you. This box may contain one or more of the following:
  • Defined contribution plan (DCP) casual (CAS) or regular (REG) contributions
  • Imputed income
  • Travel reimbursement
  • Taxable relocation expenses
  • Union dues withheld
  • Uniform payment deductions
  • Non-excludable moving expenses
  • Auto allowance
  • Social club membership
15 State code and employer's state I.D. number: Usually CA for California and the California employer identification number for California. If you live and/or work outside of California and withholding was required for that state, the corresponding state code and identification number will be listed as well.
16 State wages, tips, etc: The total state taxable gross pay you received.
17 State income tax: The total state income taxes that were withheld from your compensation.
18 Local wages, tips, etc: The total local taxable gross pay you received.
19 Local income tax: The total local income tax withheld from your compensation.
20 Locality: If you live and/or work outside of California and the locality that you reside in requires withholding, the locality name will be displayed.

Is Social Security and Medicare tax included in federal tax rate?

FICA is not included in federal income taxes. While both these taxes use the gross wages of the employee as the starting point, they are two separate components that are calculated independently. The Medicare and Social Security taxes rarely affect your federal income tax or refunds.

What does federal withholding include?

Employers are required by law to withhold employment taxes from their employees. Employment taxes include federal income tax withholding and Social Security and Medicare Taxes.

Is Medicare included in federal withholding?

The Medicare tax is one of the federal taxes withheld from your paycheck if you're an employee or that you are responsible for paying yourself if you are self-employed.

Does Social Security count towards federal withholding?

Social Security taxes will not reduce the amount of federal income taxes that you owe since they are separate. However, if you end up with excess Social Security taxes withheld, you'd get a refund on your tax return that you could put toward paying any federal income taxes due.

federal income tax withheld include social security medicare Federal withholding tax Federal withholding calculator FICA tax calculator

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