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  3. 2. the fica tax is comprised of social security an

2. The FICA tax is comprised of Social Security and Medicare taxes. The tax rate...

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Accounting

image 2. The FICA tax is comprised of Social Security and Medicare taxes. The tax rate for the Social Security portion is 6.2 percent on earnings up to a "wage base." The wage base for 2018 is $128,700. The tax rate for the Medicare portion is 1.45 perdent on all earnings; there is no wage base limit. Calculate your FICA tax for a wage of a. $42,500 b. $140,000

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