se the 2020 FICA Tax Rates to calculate the medicare tax for

Last updated: 4/27/2023

se the 2020 FICA Tax Rates to calculate the medicare tax for an employee with a taxable income of 52 400 Tax Social Security tax Medicare tax Additional Medicare tax 2020 FICA Tax Rates Employee rate 6 2 of the first 137 700 of gross income 1 45 0 9 on earnings over 200 000 for single filers 250 000 for joint filers or 125 000 for married filing separately Employer rate 6 2 of the first 137 700 of gross income 1 45 N A Self employed rate 12 4 of the first 137 700 of gross income 2 9 0 9 on earnings over 200 000 for single filers 250 000 for joint filers or 125 000 for married filing separately