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.
Employers are required to withhold additional Medicare tax, above the 1.45% Medicare tax rate, at a rate of 0.9% on Medicare wages in excess of $200,000 paid to an employee. The amount of Medicare withholding may not be the amount an individual must pay, and the employee may be confused about how the withholding works.