2004
Tier I Earnings Base and Tax Rate |
$87, 900 |
- |
Annual Maximum |
6.20% |
- |
Employee and Employer Tax Rate |
$5,449.80 |
- |
Maximum Employee and Employer Tax |
2004
Tier II Earnings Base and Tax Rates |
$65,100 |
- |
Annual Maximum |
4.90% |
- |
Employee Tax Rate |
$3,189.90 |
- |
Maximum Employee Tax |
13.10% |
- |
Employer Tax Rate |
$8,528.10 |
- |
Maximum Employer Tax |
2004
Medicare Hospital Insurance Earnings Base and Tax Rate |
Annual Maximum |
- |
No Limit |
1.45% |
- |
Employee and Employer Tax Rate |
Total Tier I, Tier II, & Medicare Hospital
Insurance Maximum Tax
Based on Earnings of $87,900
|
Employees |
- |
$ 9,914.25 |
Employers |
- |
$15,252.45 |
(Additional Taxes are 1.45%
of Earnings in Excess of $87,900) |
Amount
Needed for Quarter of Social Security Coverage |
$900.00 in 2004 (Up to 4) |
2004
Employer RUIA Tax Rate |
2.15% - 12% on First $1130 Per Month |
Employee
RUIA 2003 Qualifying Earnings |
$2,800.00 |
- |
For Benefit Year 2004 (Beginning July 1, 2004) |
RUIA
Daily Benefit Rate |
$56 |
- |
For Benefit Year 2004 (Beginning July 1, 2004) |
Work
Deduction Exempt Amounts |
|
Basic
Medicare Premium |
$66.60 |
Cost-Of-Living
Increase, December 2003 |
Tier 1 |
- |
2.1% |
Tier 2 |
- |
0.7% |