Skip to content
=Smart Cost Hub
ConstructionFinanceHealthMathCost GuidesArticlesPartner Sites
Home/Glossary/FICA

Finance

FICA

The Federal Insurance Contributions Act payroll tax that funds Social Security and Medicare. Employees and employers each pay 7.65 percent, for a combined 15.3 percent on wages.

Put it to use

Related calculators

FinanceAuto Loan Calculator

Calculate your monthly car payment and total interest from price, down payment, trade-in, and APR.

Open calculator →
FinanceCompound Interest Calculator

See how savings grow over time with an initial deposit, regular contributions, and compounding.

Open calculator →
FinanceCapital Gains Tax Calculator

Estimate federal tax on short- and long-term capital gains based on your income and filing status.

Open calculator →

Keep learning

Related finance terms

  • 401(k) match
  • APR
  • APY
  • Adjusted gross income
  • Amortization
  • Capital gains tax
  • Compound interest
  • Debt avalanche
  • Debt snowball
  • Depreciation

← All glossary terms

= Smart Cost Hub

Calculators for every industry. Free, instant calculators for construction and finance — no sign-up, no spreadsheets.

New calculators & guides

Popular calculators

  • Gutter Calculator
  • Deck Cost Calculator
  • Roofing Square Calculator
  • Self-Employment Tax Calculator
  • Tax Bracket Calculator
  • 1099 vs W-2 Calculator

Explore

  • Construction
  • Finance
  • Health
  • Math & everyday
  • Cost guides
  • Unit converters
  • Material costs
  • Articles
  • Glossary
  • Resources
  • Partner sites
  • Embed our calculators

Company

  • About
  • Methodology
  • 2026 tax rates
  • Resources

© 2026 Smart Cost Hub. Calculators are estimates for planning only — verify figures with a licensed professional before relying on them.