The Russian president takes the crown from U.S. President Barack Obama, who has been on top every time except 2010, when Chinese president Hu Jintao briefly took his place. Let's begin by saying this: The list is right, Putin is clearly the most powerful person in the world right now. However, the Forbes list shouldn't be a shock â it's correcting itself.
MEDI is the Medicare tax withheld for contributions to the social insurance system better known as Medicare insurance. It is calculated at 1.45% of gross wages minus pre-tax deductions such as family medical and dental premiums. There is no limit on wages on which the tax is calculated. more.
Here is what the descriptions mean: Fed Withholding: Federal income taxesFed Med/EE: Federal Medicare tax for employeesFed OASDI/EE: Federal Old Age Survivor's Disability Insurance (Social Security) tax for employeesFed 1042: Federal withholding for nonresident aliensMN (or other state) Withholding: State income taxes Back to Top Before-Tax and After-Tax Deductions Before-tax deductions from your pay reduce your taxable wages.