How Is Fica Calculated 2025. To calculate your employees’ fica tax, multiply the employees’ gross pay by the social security tax rate (6.2 %) and the medicare rate (1.45%). How to calculate fica tax.
For the 2025 tax year, the wage base limit is $168,600 (which is up from $160,200 in 2023 ). 6.2% for the employee plus 6.2% for the employer medicare tax rate:
1.45% For The Employee Plus.
Fica tax is split between employers and employees.
[4] For Both Years, There Is An Additional 0.9% Surtax.
For 2023, the wage base.
First, We Calculate Your Adjusted Gross Income (Agi) By Taking Your Total Household Income And Reducing It By Certain Items.
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[4] For Both Years, There Is An Additional 0.9% Surtax.
The social security portion of fica is a flat 6.2% of compensation up to a wage base limit.
What Are The Fica Rates And Limits For 2025?
What percentage of fica taxes are social security withholdings?