Withholding FICA and Medicare Taxes
FICA refers to a federal payroll tax that is used to fund Social Security and Medicare. The current tax is 7.65% of your gross earnings.Two variables determine whether FICA and Medicare taxes have to be withheld from your paychecks:
Fall and Spring SemestersWSU Regulation 4-1 (PDF), Student Employment, stipulates that during fall and spring semesters:
Because these conditions are in place, student employees are exempt from paying FICA and Medicare taxes during the academic year.
SummerFor the summer, two things change that affect FICA withholding:
If you meet either of these requirements, you will have to work with your supervisor to fill out a Student Employee FICA Withholding Form (PDF).