Employer Fica And Medicare Rates 2024au. We produce a range of tax tables to help you work out how much to withhold from payments you make to your employees or other payees. As of 2024, employers and employees each pay 6.2% for social security and 1.45% for medicare.

Employers must withhold the employee portion of fica tax (6.2% for social security and 1.45% for medicare) from their employees’. In 2024, the medicare tax rate for employers and employees is 1.45% of all wages, unchanged from 2023.