FICA Tax Rates and the Benefits They Fund

Content Where Medicare Taxes Go Federal Insurance Contributions Act (FICA) The Breakdown of FICA Tax Social Security and Medicare Withholding Rates FICA Tax: Wage Base Limits Because of the Social Security Act, monthly benefitsare paid to over 41 million retirees every month and an additional 60 million other types of beneficiaries on a monthly basis. […]

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