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FICA is total for Social Security of 12.4% and Medicare of 2.95% which will be paid half by the employer and half by the employee.
FICA is total for Social Security of 12.4% and Medicare of 2.95% which will be paid half by the employer and half by the employee. However, independent contractors will pay only 6.2% for Social Security and 1.45% for Medicare to the Federal government. OFICA is not mandatory Independent Contractors do not pay FICA True O False
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