The additional Medicare tax amounts to 0.9% of the wages above these thresholds. Thus, an employee earning more than $200,000 as a single filer would pay a total Medicare tax rate of 3.85% (1.45% + 0.9%). Employers are not obligated to match the when was fica established additional Medicare tax on their employees’ behalf and only withhold the standard 1.45% from their wages. In conclusion, the Federal Insurance Contributions ...
Continue Reading →AUG
2025