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.
The Medicare tax rate for 2016 remains at 1.45% of all covered earnings for employers and. employees; however, for wages in excess of $200,000, the additional Medicare tax of 0.9%. applies to earned income of more than $200,000 ($250,000 for married couples filing joint).