FICA stands for Federal Insurance and Contributions Act. If you're an employee, 6.2% of your paycheck goes toward OASDI – which your employer matches – and is sent to the federal government to ...

If you work for someone, the Federal Insurance Contributions Act (FICA) is usually the small print that takes 7.65% from your paycheck. If you work for yourself, ...

FICA stands for Federal Insurance Contributions Act; it’s the federal payroll tax. A total of 7.65% of your gross wages goes to federal taxes. Your employer matches these percentages: ...