Finance

FICA Tax Calculator

US Social Security & Medicare tax.

Parameters Live Compute
Calculated Output
FICA (employer) ($) 6,120
FICA (employee) ($) 6,120
Step-by-Step Breakdown
1. Values used:
2. Wage income = 80,000 $
3. FICA (employer) = 6,120$
4. FICA (employee) = 6,120$
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Social Security (6.2%) + Medicare (1.45%) up to the wage cap.

Frequently Asked Questions

Self-employed?

You pay both halves — about 15.3%.

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