The federal government charges FICA, which stands for Federal Insurance Contributions Act. You’ve surely seen FICA tax deducted from your paychecks. You’ve actually seen only half of your FICA tax. Your employer pays the other half. FICA is typically 15.3% of your earnings. You pay 7.65% every payday and your employer pays the other 7.65%.[i] from Escape the Cubicle
Can you pay your FICA if you were self-employed?
Leave a comment
Posted by Mark Anthony Germanos uses Internet tools to help your ideal customers find you on March 21, 2011 in Business help