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FICA Overpayment Calculator

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This calculator is intended to assist you in determining the potential refund opportunity that may exist for your company for the employer share of FICA taxes paid on employee severance in the tax year 2010, should the United States Supreme Court affirm the U.S. Sixth Circuit Court of Appeal’s decision in United States v. Quality Stores, Inc. The amounts calculated are for estimation purposes only, and should not be relied upon for actual refund claims.

Annual Salary of Severed Employee
Date in 2010 Severed from Company (MM/DD/2010)
Approximate Year-to-Date Salary
Severance (number of weeks paid)
Severance pay subject to Social Security tax
Severance pay subject to Medicare tax
Social Security Tax paid on Severance (6.2%)
Medicare Tax paid on Severance (1.45%)
Potential Refund Opportunity of Employer-Paid FICA tax Overpayment

Note: FICA taxes are comprised of the Social Security tax and the Medicare tax. Social Security tax is imposed only on the first $106,800 earned in 2010. Medicare tax is imposed on all amounts earned in 2010.

This calculator tool is designed to provide general guidance and estimates only.
You should refer to a professional tax advisor or accountant regarding any specific requirements or concerns.

Enroll here if you are interested in taking advantage of this service.

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DISCLAIMER
The foregoing does not mean you are entitled to a refund. The information provided in this communication is for informational purposes only and not for the purpose of providing legal, accounting, or tax advice.  The information and services ADP provides should not be deemed a substitute for the advice of any such professional.  Such information is by nature subject to revision and may not be the most current information available.

By clicking this link you are leaving the ADP Website and proceeding to an external site operated by a third-party provider of ADP for completion and secure submission of your protective claim. ADP is not responsible for the content of these sites and the privacy practices related to any information you provide on these sites.

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