FICA tax is paid by the employee only and is deducted from gross earnings.

Name: FICA tax is paid by the employee only and is deducted from gross earnings.
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Quizplus · Accepted Answer

FICA tax is not paid by the employee only, but also by the employer. It is a combination of Social Security tax (6.2%) and Medicare tax (1.45%) that is split evenly between the employee and employer, for a total of 12.4% and 2.9% respectively. The employee's portion of the FICA tax is deducted from gross earnings.

FICA Tax Is Paid by the Employee Only and Is