FAQ
Q. What are the new FICA
and Medicare and other payroll limits and rates for
2006?
A. FICA
Payroll limit is $97,500. The rate is 6.2%.There is no payroll
limit for medicare. The rate is 1.45%. The California SDI limit
is $83,389 and the SDI rate is .06% The Federal and state
unemployment insurance wage limit is $7,000.
Q. What is the 2006
mileage reimbursement rate?
A. 44.5 cents a mile for
business.14 cents a mile for charity.18 cents a mile for
medical and moving