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 Marriage:
- Dictionary A legal union between one man and one woman as husband and wife medicare part a definition.
- 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 explain.
- Definition Modified AGI (MAGI):
- Dictionary gross income (MAGI) is a figure used to figure the limit on an exclusion or deduction allowed in computing adjusted gross income. Depending on the item for which MAGI is being computed, certain items medicare part a what is.
- Definition Main Home:
- Dictionary See "principal residence," defined elsewhere in this glossary medicare part a meaning.
How works Medicare Part A meaning in Tax definitions M .
