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What Are The Fica And Medicare Rates For 2024 Calculator

What Are The Fica And Medicare Rates For 2024 Calculator. The rate of social security tax on taxable wages is 6.2% each for the employer and employee. Social security tax (6.2% of wages, up to a maximum taxable income) and medicare tax (1.45% of wages, with no income limit).


What Are The Fica And Medicare Rates For 2024 Calculator

For 2017, the oasdi (fica) tax rate is set at 6.2% of earnings with a cap at $127,200 (in 2018 this will be increasing to $128,400). What are the fica rates and limits for 2024?

What Are The Fica And Medicare Rates For 2024 Calculator Images References :