• Correspondingly, the portion of the tax that employers cover also remains at 6.2 percent of employee wages up to the taxable maximum. • This amounts to a total Social Security FICA tax of 12.4 percent, paid on income up to $118,500. Self-employed individuals are responsible for paying the entire 12.4 percent.
https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/fica-social-security-tax-2015.aspx
Social Security and Medicare Withholding Rates. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.
https://www.irs.gov/taxtopics/tc751.html
FICA Taxes. FICA taxes are the combined total of Social Security and Medicare taxes you pay on certain sources of income. These taxes are withheld at flat percentage rates, based on your total earnings subject to FICA. FICA payments withheld are converted to credits and posted to your Social Security account. These credits determine the amount of Social Security benefits you receive during retirement.
http://finance.zacks.com/pay-fica-retirement-income-1214.html
Federal Insurance Contributions Act (FICA) tax (/ˈfaɪkə/) is a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, disabled people, and children of deceased workers.
https://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax
The FICA tax is considered a regressive tax on income with no standard deduction or personal exemption deduction. The Social Security portion of the tax is imposed on only the first $113,700 of gross wages in 2013, $117,000 in 2014, and $118,500 in 2015 and 2016. The FICA tax is not imposed on investment income such as rental income, interest, or dividends.
https://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax
What is FICA? The Federal Insurance Contributions Act is the federal law that requires you to withhold two separate taxes from the wages you earn. It includes Social Security Tax and Medicare Tax at a flat percentage rate. The Social Security Tax is 6.2% rate of your wages, and the Medicare Tax is 1.45% of your wages. If you earn more than $200,000, you will also be taxed an additional 0.9% Medicare surtax. You’re not the only one paying for FICA, however.
https://www.paycheckcity.com/pages/article.php?page=what-is-FICA
Taxes under the Federal Insurance Contributions Act (FICA) are composed of the old-age, survivors, and disability insurance taxes, also known as social security taxes, and the hospital insurance tax, also known as Medicare taxes. Different rates apply for these taxes.
https://www.irs.gov/taxtopics/tc751.html
For most Americans, the Medicare portion of the FICA tax remains at 2.9 percent, of which half (1.45 percent) is paid by employees and half by employers. Unlike Social Security, there is no limit on the amount of earnings (which includes salary and bonus income) subject to the Medicare portion of the tax.
https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/fica-social-security-tax-2015.aspx
FICA Taxes. Bonus income is subject the Federal Insurance Contributions Act, which includes taxes for Social Security and Medicare. Your employer has to subtract Social Security and Medicare tax from bonuses and other wages. The Social Security tax rate is 10.4 percent in 2012: employers pay 6.2 percent and employees pay 4.2 percent. Social security tax applies to the first $110,100 of income you earn, so if you make more than $110,100 in normal wages, your bonuses aren't subject to Social Security tax. Employers and employees each pay a tax rate of 1.45 percent for Medicare; there is no income limit for Medicare taxes.
http://finance.zacks.com/percentage-income-tax-deducted-bonus-checks-2960.html
This fund provides retirement income, as well as disability insurance, Medicare and benefits for survivors. The Social Security tax rate is 6.2 percent and the Hospital Insurance (Medicare) tax rate is 1.45 percent, for a total FICA tax rate of 7.65 percent. The combined employee-employer FICA tax rate is 15.3 percent.
https://fmx.cpa.state.tx.us/fm/pubs/paypol/tax_information/index.php?section=federal&page=federal
what percentage of income is fica
The Federal Insurance Contributions Act is 12.4 percentage on income up to $118,500.