The Medicare and Social Security withholding
that you question would be the old FICA amounts shown on your prior statements. FICA stands for Federal
Insurance Contribution Act and is sometimes still used on pay stubs to denote the amounts for SS and Medicare.
You are correct in your thinking about the Fed WT in relation to the now shown Fedral income
tax portions of your withholding.
If you think the figures are not showing the correct amounts for your withholding then the first thing you need to do is contact your Human Resource Department. They will be able to advise on the reporting
system and make any corrections that are neccesary.
Keep your pay stubs and if at the year's end your W2 info does not add up correctly you can request a correction from the company. If that does not work out and you still feel that the information is wrong then you can report the descrepancy to the IRS
. You will need to report what you think was the correct amount of pay using IRS Form 4852
, and the IRS will take longer to process your return
as they will investigate the situation.
I sincerely XXXXX XXXXX information is helpful,