Question

What percentage of your gross earnings is taken by your employer for FICA?

7.9%
5.8%
6.2%
3.2%

Answer 1

So each party – employee and employer – pays 7.65% of their income, for a total FICA contribution of 15.3%. To calculate your FICA tax burden, you can multiply your gross pay by 7.65%:

BUT EACH FICA TAX IS 6.2% Social security and 1.45% respectively

The reason it says 7.65 because it also depends on where you live, but it should be around the 7.65 to 7.9 mark

Answer 2

well non of the answer choices are exact but i would say a/the first one. im not sure but they should add up to about 7.65%.

Explanation: