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Fica Tax Rate 2024 Cap

Fica Tax Rate 2024 Cap. Learn about fica for 2024, covering social security and medicare taxes. The fica rate for 2024 remains unchanged at 7.65% for employers and 7.65% for employees.


Fica Tax Rate 2024 Cap

How is the fica tax rate determined, and by whom? Social security is financed by a 12.4 percent payroll tax on wages up to the taxable.

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