finance

What is FICA? How much you contribute to federal payroll taxes.


FICA, the Federal Insurance Contributions Act, is the federal payroll tax. It’s the 7.65% of your gross wages that go to Social Security and Medicare.

     



READ SOURCE

Readers Also Like:  Union fury at reports Sunak might overrule some public sector pay rises

This website uses cookies. By continuing to use this site, you accept our use of cookies.