- Franchise Players: I'm On My Own, But Not Alone Entrepreneur
- YEC Member Spotlight: Katrina Lake, Founder & CEO, Stitch Fix Young Entrepreneur Council
- Attention Nonprofits: 5 Secrets to Attract Donors Entrepreneur
The highest paid executives of a firm are excluded from coverage under the Federal Insurance Contributions Act?
True or False3 years ago - 1 answers
See, the majority of highly compensated executives, are NOT compensated via wages, but rather bonuses or stock shares, which are NOT subject to FICA taxes.
Additionally, FICA maxes out, for 2010, at $106,800. Every dollar of salary you earn after that amount, is NOT subject to FICA taxes.