FICA Tax

FICA Tax

2010 Rates

  • Social Security tax
    • Employer’s rate – 6.2% on the first $106,800 of wages.
    • Employee’s rate – 4.2% on the first $106,800 of wages.
  • Medicare hospital insurance tax - 1.45% on all wages, there is no limit.

2009 Rates

  • Social Security tax - 6.2% on the first $106,800 of wages.
  • Medicare hospital insurance tax - 1.45% on all wages, there is no limit.

2008 Rates

  • Social security tax - 6.2% on the first $102,000 of wages.
  • Medicare hospital insurance tax - 1.45% on all wages, there is no limit.