2011 Social Security Taxable Earnings and Rates
and Medicare Rates
The Federal Insurance Contributions Act (FICA) consists of two separate parts. One is the Social Security (OASDI) and the other is Medicare (HI). Different rates apply to each of these for both employees and self-employed persons.
| 2011 Social Security (OASDI) Taxable Earnings and Rates | ||
| If you are: | The Maximum Taxable Earnings is: | Tax Rate |
| Employee | First $106,800 of Wages |
4.2%
 |
| Self-Employed | First $106,800 of Net Profit from Trade or Business |
10.4%
|
| 2011 Medicare (HI) Taxable Earnings and Rates | ||
| If you are: | The Maximum Taxable Earnings is: | Tax Rate |
| Employee | UNLIMITED | 1.45% |
| Self-Employed | UNLIMITED | 2.9% |
|
For other 2011 Social Security and Medicare changes such as quarter of coverage, retirement earnings test exempt amounts, SSI payments, and COLA amounts, click here. |
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