Employer Fica And Medicare Rates 2024 Calendar
Employer Fica And Medicare Rates 2024 Calendar. The current rate for medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total. Both employees and employers contribute to fica tax, with a combined rate of 15.3%.
As of 2024, employers and employees each pay 6.2% for social security and 1.45% for medicare. Understand the fica tax rates to manage payroll effectively.