Harry has two jobs. He earns $118,700 from his first job and $10,000 from his second job. How much total FICA withholding will Harry have withheld from his wages from working two jobs?

Question

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FICA taxes include Social Security and Medicare. For 2023, the Social Security tax rate is 6.2% on the first $160,200 of earnings, and the Medicare tax rate is 1.45% on all earnings. Harry's total earnings are $128,700. Social Security tax is 6.2% of $128,700, which is $7,979.40. Medicare tax is 1.45% of $128,700, which is $1,854.15. The total FICA withholding is $7,979.40 + $1,854.15 = $9,833.55.

Harry Has Two Jobs