Asked by Anonymous

At what rate are Martin's FICA taxes withheld?
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Answers

Answered by drwls
The rate of FICA withholding is mandated by law, and changes from year to year.

For 2011, it is 5.65%. In 2012, it goes back to 7.75%, up to an annual maximum income that rises every year. That includes a 1.45% Medicare employee contribution.
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