What MEDICARE PART A means: Medicare Part A covers hospital and nursing home care. Medicare tax is withheld from an employee's wages, or paid with the tax return by a self-employed person. The medicare A tax rate is 1.45 percent (2.9 percent for self-employed individuals). Individuals other than self-employed individuals cannot deduct this tax. Self-employed individuals can deduct one-half of the amount paid as an adjustment to income.
- Definition Modified Accelerated Cost Recovery System (MACRS):
- Dictionary depreciation system used for most property placed in service after December 31, 1986. But ACRS (see Accelerated Cost Recovery System) must be used for certain property acquired from a related party medicare part a definition.
- Definition Married Filing Jointly:
- Dictionary that can be used by taxpayers who are married at the end of the tax year and not legally separated under a final decree of divorce or separate maintenance. The income, deductions, and credits of both medicare part a explain.
- Definition Medicare Part B:
- Dictionary covers a portion of doctor bills and outpatient services. The premium is withheld from the benefits of social security recipients. Go to the Social Security Administration Web site for the current medicare part a what is.
- Definition Margin:
- Dictionary A percentage of the full price of a security that must be paid as a down payment by an investor buying on credit. The required margin fluctuates subject to federal regulations medicare part a meaning.
How works Medicare Part A meaning in Tax definitions M .
