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| *The Commerce Journal>>>Other - Careers & Employment |
Medicaid / care / FICA / Social Security? |
In your payroll they take out goverment money. FICA is Social Security. FICA is 6.2% and Medicare is 1.45% for a total of 7.65% of your Gross check. Currently you pay FICA until your gross wages reach $97,500.00 and you never stop paying Medicare. However the government usually increases the wage limit on the FICA withholding annually. |
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