Fica And Medicare Withholding Rates For 2024 Calculator

Fica And Medicare Withholding Rates For 2024 Calculator. For this calculation we have used the maximum tax rate bracket for 2024 of 39.6% (althought that my change if the bush tax cuts are extended). Learn more about payroll taxes and how to calculate fica taxes with paychex.

Fica taxes are automatically deducted from paychecks. They generally add up to 7.65% of your wages or salary and are mandatory.