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The Federal Insurance Contributions Act(FICA) requires employers to deduct a percent of your income as taxes for Social Security, which is _______ % and is paid on the first $97,500 of income.

Group of answer choices

7.65

1.45

6.2

4.75

Respuesta :

The Federal Insurance Contributions Act(FICA) requires employers to deduct a percent of your income as taxes for Social Security, which is 6.2 % and is paid on the first $97,500 of income

What is the percentage for Federal Insurance Contributions Act(FICA)?

The percentage of Federal Insurance Contributions Act(FICA)  is paid as 6.2% from the employee's income and the employer pays 1.45% of the employee's income.

In this case, the requirement is specifically  the percentage to deduct from employee's income not the sum of employee and employer's contributions

Hence, the correct option is 6.2 as that the percentage for employees alone.

Find out more about FICA on:https://brainly.com/question/27559373

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