Contrac2 Support : Payroll Tax Info : Federal : Custom
Year-2011 Medicare Tax Rate
There is no change to the Medicare tax rate for employers and employees. Make sure the field "CUSTOM FIELD #1 NUMBER" contains 1450 (no decimal places). The descriptive field preceding this value should be "MEDICARE %".
Year-2011 Medicare Wage Limit
There is no wage limit for Medicare taxes. Make sure the field "CUSTOM FIELD #2 NUMBER" contains 9999999 (seven 9's). The descriptive field preceding this value should be "MEDI LIMIT".
Reference:
"Notice 1036", (Rev December 2011).
