An employee earned $42,900 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 $2,659.80. $6,563.70. $622.05. $0, since the Federal Insurance Contributions Act (FICA) tax is only deducted from an employee's pay. $3,281.85.