What is FICA Tax? - The TurboTax Blog

Quick Answer:  FICA is a payroll tax on earned income that covers a 6.2% Social Security tax and a 1.45% Medicare tax.  If you’ve watched “Friends,” you can probably relate to Rachel opening her first paycheck and asking, “Who’s FICA? Why’s he getting all my money?” If you asked, you were probably told it was

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