â¢ MINOR PREMISE (noun) The noun MINOR PREMISE has 1 sense: 1. the premise of a syllogism that contains the minor term (which is the subject of the conclusion) Familiarity information: MINOR PREMISE used as a noun is very rare.
The additional tax rate is 0.9% on employee income (employers do not have to contribute to this additional tax). The additional Medicare tax is effective for income over a specific level, depending on the individual's federal income tax filing status.
Medicare tax is a federal payroll tax that employers and employees in the United States pay. Your employer is supposed to withhold Medicare tax at the rate the federal government sets. As of 2011, you pay 1.45 percent of all your taxable wages for Medicare tax.