2021 FICA Tax Rates
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Descrição
Social Security and Medicare income limits and tax rates FICA tax is a combination of a Social Security tax and a Medicare tax. The Social Security tax is assessed on wages up to $142,800 ($137,700 in 2020); the Medicare tax is assessed on all wages.
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Use the 2021 FICA tax rates, shown, to answer the following question. If a taxpayer is self-employed and
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