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Fica And Medicare 2024. Paying fica taxes is mandatory for most employees and. 6.2% for the employee plus 6.2% for the employer; Use our fica tax calculator to estimate how much tax you need to pay for social security and medicare tax in line with the federal insurance contributions act. The current rate for medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.

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