An employee earned $42,300 working for an employer in the current year. The current rate for Federal Insurance Contributions Act (FICA) Soc Security is 6.2% payable on earnings up to $137,700 maximum per year, and the rate for Federal Insurance Contributions Act (FICA) Medicare The employer's total Federal Insurance Contributions Act (FICA) payroll tax for this employee is: Multiple Choice $3,235.95. $0, since the Federal Insurance Contributions Act (FICA) tax is only deducted from an employee's pay $613.35. $2,622.60. $6,471.90.