FICA Tax Rates

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A. Purpose:

For Current and Previous Year's FICA / MEDICARE Rates & Earnings Limits.

B. Example Updates:

Add - (Done AUTOMATICALLY as part of YEAR-END UPDATE Procedure).

Change - NOT ALLOWED

Delete - NOT ALLOWED

C. Procedure:

Add a New Master Record.

D. Required Fields:

All Fields in Record are REQUIRED.

E. Field Descriptions:

FICA / MEDICARE Record