What Is FICA? Is It The Same As Social Security?
Dec 24, 2020 · Most workers have FICA taxes withheld directly from their paychecks. These deductions claim 6.2 percent of an employee’s gross pay for Social Security, up to an income threshold commonly termed “maximum taxable earnings.” In 2021, the threshold is $142,800; any earnings above that are not subject to Social Security taxes.
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