2024 Max Fica. Fica taxes for employed workers: This information in this communication is general in nature, and is not intended, nor should it be construed, as legal, accounting, tax or other professional.
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For 2023, the wage base was $160,200.
Jennifer Keeps Readers Current On Payroll News, Covering Topics Such As Employment Taxes, Fringe Benefits And The Fair Labor Standards Act.
Fica taxes for employed workers:
The Best Income To Earn.
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What It Does Have Is An Additional Medicare Tax.
This means 7.65% is deducted from the employee’s.
This Information In This Communication Is General In Nature, And Is Not Intended, Nor Should It Be Construed, As Legal, Accounting, Tax Or Other Professional.
Social security tax rates remained under 3% for employees and employers until the end of 1959.