2000 Social Security FICA Tax Rates

The FICA tax, also known as the Social Security tax, is paid equally by the employer and employee. This tax is composed of two elements:

1. OASDI -- The old age, survivor and disability portion of the tax is paid on wages up to the maximum covered wage base for the year.

2. HI -- The hospital insurance or Medicare portion of the tax is paid on all wages, without limit.

2000 FICA Tax Rates

OASDI Portion

HI Portion

Paid by:


2000 Tax
Rate

2000 Covered Wage Base


2000 Tax Rate

2000 Covered Wage Base

Total Tax Rate

Employer

6.20%

$76,200

1.45%

unlimited

7.65%

Employee

6.20%

$76,200

1.45%

unlimited

7.65%

Combined

Tax Rate

15.30%

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