Tallahassee /ËtÃ¦lÉËhÃ¦si/ is the capital of the U.S. state of Florida. It is the county seat and only incorporated municipality in Leon County. Tallahassee became the capital of Florida, then the Florida Territory, in 1824. In 2015, the population was 189,907, making the 7th largest city in the U.S state of Florida, and the 126th-largest city in the United States.
The Federal Insurance Contributions Act (FICA) is made up of two items, Social Security and Medicare taxes. For 2015, the Social Security tax rate is 6.2% on the first $118,500 wages paid. The Medicare tax rate is 1.45% on the first $200,000 and 2.35% above $200,000.
How to Calculate FICA Tax Withholding. To calculate the FICA taxes to be withheld from employee paychecks: Multiply the employee's gross pay by the FICA withholding amounts for Social Security (6.2 percent) and Medicare (1.45 percent). Keep these totals separate.