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The percentage of a person's pay that is deducted for FICA-Social Security is _____.
Group of answer choices

6.2%

1%

3%

10%

User Nadav
by
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1 Answer

2 votes

Answer:

6.2%

Step-by-step explanation:

According to the Employers Tax guide Employer's publication 15 of 2020, an employee social security deduction should be 6.2% of their gross pay. It means the employee is deducted 6.2% of gross pay as social security tax. The employer is also expected to contribute 6.2% of the employee' gross pay.

User Federico Nafria
by
6.0k points