Symmetry PAYROLL Forms
Payroll Taxes
Payroll Talk
Payroll Goddess
Premiere Payroll Tax Research Library

Federal Insurance Contributions Act - FICA

The taxes imposed under this law fund Social Security (FICA) and Medicare (OASDI). The employee pays 4.2% of the first $106,800 of taxable wages for 2011.  Theemployer is required to pay a 6.2% social security tax rate imposed on the employee's first $106,800 (2011) of taxable wages as well as the 1.45% Medicare tax rate imposed on all of the employee's taxable wages. No credits or withholding exemptions are permitted for the calculation of FICA taxes. When there is more than one employer, each must withhold FICA tax from the employee up to the taxable wage base.


Employee 1.45% on all wages
Employer 1.45% on all wages
Self Employed 2.9% on net earnings


Social Security


4.2% on first $106,800 of wages (2011)


6.2% on first $106,800 of wages (2011)

Self employed

10.4% on first $106,800 of net earnings (2011) is a free online resource featuring a compilation of research, collaboration and web tools for use by payroll professionals and more including information about payroll tax articles, federal tax information and state tax information.

Helpful Hint... Anytime you move or have a major life change (for example - marriage, divorce, birth of a child, etc.) always be sure to complete a new W-4!