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Jay earns $58,100 annually. What is his FICA tax? (At 6.2% for social security and 1.45% for medicare)
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Jay earns $58,100 annually. What is his FICA tax? (At 6.2% for social security and 1.45% for medicare)

User Saroya
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Answer: Medicare taxes. As an employer, you pay a 6.2% Social. Security tax on up to $147,000 (in 2022) of your employee's earnings and a 1.45%.

Explanation:

User Sengs
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