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Pradeep Thirukumaran
on Oct 15, 2024

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The amount of FICA tax that employers must pay is exactly twice the amount of the FICA taxes withheld from their employees.

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare programs, based on earned wages.

Withheld

Refers to the portion of an individual’s earnings that is not directly paid to the individual by the employer, because it is set aside for purposes such as tax payments.

  • Understand the principles and calculation methods for FICA taxes including employer and employee contributions.
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Colin CirinoOct 18, 2024
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