The FICA tax percentage is composed of both Social Security and Medicare taxes.

Name: The FICA tax percentage is composed of both Social Security and Medicare taxes.
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The FICA tax percentage is composed of both Social Security tax and Medicare tax. Social Security tax is 12.4% (6.2% paid by the employee and 6.2% paid by the employer) and Medicare tax is currently 2.9% (1.45% paid by the employee and 1.45% paid by the employer).

The FICA Tax Percentage Is Composed of Both Social Security