Employer Fica And Medicare Rates 2024au

Employer Fica And Medicare Rates 2024au. Employers and employees split the tax. As of 2024, the combined rate for social security and medicare taxes under fica is 7.65% for each party (at a total rate of 15.3%).


Employer Fica And Medicare Rates 2024au

The medicare tax rate for 2024 remains at 1.45% of all covered earnings for employers and employees. All employee paychecks you issue will have two key deductions:

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