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SOURCE ROOM

Social Security & Medicare Tax Rates (FICA & SECA)

Social Security Administration, Office of the Chief Actuary

Claims Supported by This Source

  1. OASDI: 6.2% for employees, 6.2% for employers, 12.4% for self-employed. Hospital Insurance (HI): 1.45% for employees, 1.45% for employers, 2.9% for self-employed. Total for employees: 7.65%.

How to read the verification levels. "Read Through" means the source was read in its entirety. "Bibliography & Abstract Read" means the bibliographic information and abstract were confirmed. "Via Course Material" means the source was referenced through the textbook or course text. The "Text Hash" is the SHA-256 of the main text from the publisher's page, excluding tags and whitespace, used to detect if the source has been modified.