Social Security, Medicare, Unemployment, and Workers Comp
Social Security & Medicare (FICA) for 2012
Mandatory federal FICA contributions of 1.45% are withheld from your total gross wages for Medicare. You also contribute 6.2% of your gross wages for Social Security, up to a maximum salary of $106,800. The maximum Social Security Contribution is $6,621.60.
Georgia State University is a covered employer under the provisions for the Unemployment Compensation Law.
All employees of the university are covered by the provisions of the Georgia Workers’ Compensation Act. This Act provides payments for medical and hospital expenses, temporary or permanent disability compensation and death benefits in the event an employee is injured or killed in an accident while performing his or her official duties. When an accident occurs on the job, the employee must report the accident as soon as possible to the supervisor and the supervisor makes arrangements to report the accident or injury. The report must be completed even if medical treatment is not required. Failure to report the accident promptly could result in failure to receive benefits.