What is The Federal Insurance Contributions Act? FICA Tax - Lessons in Payroll with Charles Read

[@SolarShell]

Great information!

[@cprado385]

Great

[@alexandermathews3601]

Very good information God bless u

[@snakelock2007]

Read your book. So helpful

[@GetPayroll]

Glad you found it helpful!😄 Thank you for your support!

[@HEADBANGRR]

?
Another video told me it's 7.65%. but this video says it's 15.3%

[@GetPayroll]

Technically they are both correct.
The employer matches FICA and that is where the 15.3% comes from.
Employee pays:
Social Security 6.2%
Medicare 1.45%
Employer pays:
Social Security 6.2%
Medicare 1.45%

[@HEADBANGRR]

@@GetPayroll okay Cool. Thanks for the response