![]() ![]() If you change your name on your Social Security card, you must The general information help line for the SSA is 1-80. You provide Iowa State University and the SSA is correct and current. Billions of dollars have not been posted to employee'sįorm W-2's due to number mismatches. To post Social Security Wages and Tips to a worker's Social SecurityĮarnings record. The first 7 (seven) characters of an employee's last name on the Form W-2 The Social Security Administration (SSA) uses the Social Security Number plus Social Security Tax Rate and Base Wage Year Social Security Administrative Office to apply for a number. If you do not have a Social Security number, you must contact the ![]() Service is not exempt from the Medicare portion of FICA.Ī Social Security card must be presented to the Human Resource representativeĪt the time an employee signs up as a new employee at Iowa State University. Federal Employees - In general, federal employees working continuously for the federal government since 12-31-83 orĮarlier and who are covered by a retirement system (CSRS) are exempt from the OASDI portion of Social Security.NonresidentĪliens should go to the International Students and Scholars Office at 3248 Memorial Union to sign a FICA exemption form. Nonresident aliens on F-1or J-1 visas are exempt from Social Security and Medicare withholdings for a limited time.Wages earned during the summer months by students not registered in summer classes are subject to Social Security and Medicare withholding. Students attain half-time status by enrolling in at least 6 credit hours during the fall and spring semesters, and 3 credit hoursĭuring the summer session. Wages earned by students who are enrolled at Iowa State University and are at least half-time students are exempt.The Medicare tax rate is 1.45% on the first $200,000 and 2.35% above $200,000.įederal Regulations require withholding FICA taxes from all employee wage payments except: For 2023, the Social Security tax rate is 6.2% on the first $160,200 wages paid. The Federal Insurance Contributions Act (FICA) is made up of two items, Social Security and Medicare taxes. ![]()
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