Calculate FICA withholding for employees and employers. Social Security: 6.2% employee plus 6.2% employer on wages up to $168,600 (2024). Medicare: 1.45% each, plus 0.9% Additional Medicare Tax over $200,000.
Enter the values for the scenario you are assessing. Calculate FICA withholding for employees and employers. Social Security: 6.2% employee plus 6.2% employer on wages up to $168,600 (2024). Medicare: 1.45% each, plus 0.9% Additional Medicare Tax over $200,000. Use the fica payroll tax 2024 result to inform your calculation.