If the Social Security (FICA plus Medicare) tax rate is 7.65 percent,how much total Social Security tax would be paid by an employee earning $50,000 and his or her employer?

Question

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The employee and employer would each pay 7.65% of the employee's salary towards Social Security and Medicare taxes. For an employee earning $50,000, the total Social Security tax would be 7.65% of $50,000, which is $3,825. The employer would also pay $3,825, bringing the total Social Security taxes paid to $7,650.

If the Social Security (FICA Plus Medicare) Tax Rate Is