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What is FICA and How To Calculate FICA Tax 2023 With Complete Guide? Personal

Mar 10th, 2023 at 09:58   Services   Chicago   218 views Reference: 6714
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Location: Chicago

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Understanding what is FICA tax and how to calculate your FICA tax is crucial for financial planning. To calculate your FICA tax, you need to determine your taxable earnings, and FICA tax rate, calculate your Social Security tax and Medicare tax and add them together to get your total FICA tax. By following these simple steps, you can calculate your FICA tax accurately and plan your finances accordingly.

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