FEDERAL INSURANCE CONTRIBUTIONS ACT ( FICA )

Social Security Tax is also known as Old Age Survivors and Disability Insurance or

( OASDI ).

Taxable wage rate on earnings for calendar year 2009::

a. First $106,800 gross taxable wages = 6.2%

b. Maximum withheld $6,621.60

Medicare is also known as Hospital Insurance Tax.

Taxable wage rate on earnings for calendar year 2009:

a. All Gross Taxable Wages = 1.45%

b. No maximum ceiling