Last week, the IRS published questions and answers designed
to assist both employers and payroll service providers in applying the new
additional Medicare tax that will take effect on January 1,
2013.
The Additional Medicare Tax applies to individuals' wages,
other compensation, and self-employment income over certain thresholds.
Employers are responsible for withholding the tax.
For further details, please click on the IRS link
below.
As
always, should you have any questions, please feel free to contact your trusted
advisor at DiSanto Priest & Co.
401.921.2000
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