Medicaid / care / FICA / Social Security?

Question

In your payroll they take out goverment money.
when they take out FICA is that for Medicaid / care / Social Security?
On your paycheck what percentage is taken out for FICA?
Like 10% of your check? 20%? etc...
What percentage for medicade medicare and social security?

Answer 1

FICA is Social Security. FICA is 6.2% and Medicare is 1.45% for a total of 7.65% of your Gross check. Currently you pay FICA until your gross wages reach $97,500.00 and you never stop paying Medicare. However the government usually increases the wage limit on the FICA withholding annually.

Hope that answers your question.