Rev. Rul. 2012-18 [United States Internal Revenue Bulletin]
July 07, 2012
SUMMARY:
Section 3121.- Tips Included for Both Employee and Employer Taxes. FICA taxes consist of two separate taxes, the Old Age, Survivors, and Disability Insurance tax and the Hospital Insurance tax. The amount of wages subject to social security tax is limited by an annual contribution and benefit base; however, all wages are subject to Medicare tax.
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