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FICA Tax: What It is and How to Calculate It

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Last updated 31 dezembro 2024
FICA Tax: What It is and How to Calculate It
What is FICA tax? Learn what you need to know about this employee- and employer-paid federal tax that includes Social Security and Medicare.
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Assume a tax rate of 6.2% on $128,400 for Social Security and 1.45
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