Medicare Medicare Cap FICA Taxes based on the following table Soc Sec Came FICAZ Cap Rate 1.45% 1.45% Soc Sec Rate 6.296 6.296 $53,400 $55,500 $57,600 $60,600 $125,000 $130,200 $135,000 no cap 1.45% 1.45% 7.65% $53,400 7.65% $55,500 7.65% $57,600 7.65% $60,600 An income of $55,500 in 1992: Worker's contribution 6.2% 6.29 1903 An income of $120,000 in 1994 Worker's contribution