Social Security and Medicare Taxes (FICA)
Full-time Faculty | Human Resources

The Federal Insurance Contributions Act (FICA) imposes two taxes on employers and two taxes on employees. These taxes are used to finance the payment of old-age, survivors, and disability insurance benefits payable under Title II of the Social Security Act and to finance the costs of hospital and related post-hospital services incurred by social security beneficiaries as provided in Part A of Title XVIII of the Social Security Act (Medicare).

The tax base is measured by the amount of wages received with respect to employment, which includes all non-exempt service, of whatever nature, performed by an employee for his or her employer. The maximum amount taxable under the social security component and the Medicare component differ. Both components are subject to increases each calendar year.

Employees of the University who are primarily students at Roosevelt and who are enrolled and regularly attending classes, may be exempt from social security and Medicare taxes. To claim this exemption, click here for the appropriate form (Intranet, PDF, 14K). Complete this form and return it to the Business Office, Room 842.

Human Resources | Benefits | Full-time Faculty