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    ann_j Posts: 2, Reputation: 1
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    #1

    Apr 13, 2009, 03:16 PM
    Calculation of FICA refund
    I came to the US on F1 in Aug 2005, I was on OPT from Oct 2007-Oct2008. I joined my current place of work in Nov 2007. My company withheld social security and medicare taxes in 2008. I know I am FICA exempt for the first 9 months in 2008, hence I should get a refund. I asked my company for the refund and they have agreed to issue me a refund, However I do have issue with the amount of money they are refunding me.

    Total social security in 2008: $ 3227.18
    Total Medicare in 2008 : $ 754.78

    Refund they are giving is : $1872

    My question is shouldn't the total of social security and medicare be added and divided by 12 to get the monthly contribution and then multiply this by 9 to get the amount of my total refund.
    Thant would be
    Total : $3981.96
    Each month : $ 331.83

    Hence for 9 months : $2986.47

    Fine , even if they charge a 20% federal tax on this money, I should get :$2389.00.

    So it looks like they are giving me $500.00 short
    ann_j's Avatar
    ann_j Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Apr 14, 2009, 04:23 PM
    Discard this q... Somone on here was kind of enough to e-mail me a reply.Thanks guys I appreciate your help
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