Federal Insurance Contributions Act (FICA)

Explore the Federal Insurance Contributions Act (FICA), including its definition, components, calculation, & exemptions. Learn about FICA enforcement.

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Federal Insurance Contributions Act (FICA): What It Is, Who Pays

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Federal Insurance Contributions Act (FICA): What It Is, Who Pays

An employee earns $6,200 per month working for an employer. The FICA tax rate for Social Security is 6.2%

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Learn About FICA, Social Security, and Medicare Taxes