how much oasdi tax withheld
FICA OASDI (Social Security) up to maximum wage of $118,500 taxed at rate of 6.2% - Maximum withholding on FICA EE OASDI for 2016 is $7,347. FICA Medicare for all employees taxed at rate of 1.45%. Additional FICA Employee Medicare rate of 0.90% to be taxed on employees who reach over $200,000 in earnings (Employees in this category will be taxed at a total Medicare Rate of 2.35%) There is no cap on Medicare Wages.