2 years ago

An employee pays what percentage for FICA?

Mathematics

2 answers:

aev [14]2 years ago

5 0

Answer:

7.65%.

Step-by-step explanation:

We are supposed to tell me percentage for FICA that an employee pays.

We know that Federal Insurance Contributions Act is comprised of the social security tax and medicare tax.

The social security tax is 6.2% and social security tax is 1.45%.

$FICA=\text{Social security tax}+\text{Medicare tax}$

$FICA=6.2\%+1.45\%$

$FICA=7.65\%$

Therefore, an employee pays 7.65% percentage for FICA.

Neporo4naja [7]2 years ago

4 0

FICA takes out a percentage of 7.65% per person

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