Fica Medicare Percentage 2024 Calculator

Fica Medicare Percentage 2024 Calculator. You can calculate your fica taxes by multiplying your gross wages by the current social security and medicare tax rates. As the employer, you must also match your employees’ contributions.

In 2024, only the first $168,600 of your earnings are subject to the social security tax. The rate is for both employees and employers, according to the internal revenue code.