" Who Pays Additional Medicare Tax ? "

Taxpayers whose Income Exceed Certain Limits, pay Additional Medicare Tax. List details:
1. Additional Medicare Rate -  0.9%
2. What Income is Subject to  Additional Medicare  Tax ?  Medicare Wages, Self Employment Income, & Railroad Retirement Compensation
3.  Threshold Amount:
         Filing  Status                                    Threshold Amount
   o        MFJ                                                    $250,000
   o        MFS                                                   $125,000
   o        Single                                                 $200,000
   o        HH                                                     $200,000
   o        QW ( 1 Child)                                      $200,000
4.    Withholding / Estimated  Tax -  Employers must withhold this Tax and Self Employed must include this in Estimated Tax Payments.
5.  Under Payment Penalty -  If you withhold too little Tax or didn't pay enough Estimated Tax,
IRS will impose Under Payment Tax Penalty.

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