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.
Half this tax is paid by the employer and the other half by the employee. The employer must withhold its portion of the tax and pay it to the IRS. Starting in 2013, an additional .9% Medicare tax is withheld on any wages in excess of $200,000.