Business Affairs Office : Employee Services

Social Security and Medicare

The following chart shows the Social Security and Medicare rates:

  2009 2008 2007 2006
Social Security 6.2% 6.2% 6.2% 6.2%
Social Security Wage Base 106,800 $102,000 $97,500 $94,200
Medicare 1.45% 1.45% 1.45% 1.45%
Medicare Maximum no ceiling no ceiling no ceiling no ceiling

Notes:

  1. Students that are enrolled half time or more are exempt from Social Security and Medicare tax.  Undergraduates must be enrolled in 6 credit hours and Graduates must be enrolled in 5 credit hours to be exempt.  IRS Revenue Procedure 98-16 published on page 19 (Section 6) of  Revenue Bulletin No. 1998-5 contains the half time enrollment requirement.
  2. International employees holding F or J Visas are exempt.  Holders of H Visas are subject.
 

Updated May 22, 2009