1 year ago

What percentage of your gross earnings is taken by your employer for FICA?

2 answers:

7 0

Answer:

<em>well non of the answer choices are exact but i would say a/the first one. im not sure but they should add up to about 7.65%.</em>

Step-by-step explanation:

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Sedbober [7]1 year ago

5 0

Answer:

So each party – employee and employer – pays 7.65% of their income, for a total FICA contribution of 15.3%. To calculate your FICA tax burden, you can multiply your gross pay by 7.65%:

BUT EACH FICA TAX IS 6.2% Social security and 1.45% respectively

The reason it says 7.65 because it also depends on where you live, but it should be around the 7.65 to 7.9 mark

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