Assertion: fica tax | /r/HasProperty | 6.2 percent
Facets:
value: without any limit
type: OTHER
value: on taxable compensation
type: OTHER
Source sentences:
text: The FICA tax is 6.2 percent on taxable compensation up to a fixed amount annually (e.g., $137,700 in 2020) for the Social Security portion and 1.45 percent of taxable compensation for the Medicare portion (without any limit).