6 An employee earned $42,800 working for an employer in the current year. The current rate for Federal Insurance Contributions Act (FICA) Social Security is 6.2% payable on earnings up to $137,700 maximum per year, and the rate for Federal Insurance Contributions Act (FICA) Medicare 1.45%. The employer's total Federal Insurance Contributions Act (FICA) payroll tax for this employee is: Multiple Choice $6,548.40. $3,274.20. $2,653.60. $0, since the Federal Insurance Contributions Act (FICA) tax is only deducted from an employee's pay. $620.60.