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2020 Rates and Maximums for FICA and Unemployment

Year 2019 rates are provided for comparison purposes.

  2020 2019
FICA (Social Security) Gross Maximum $137,700.00 $132,900.00
 ER FICA(Social Security)  Withholding Rate 6.20% 6.20%
 ER FICA Annual Maximum Withholding  $8,537.40 $8,239.80
 EE FICA (Social Security)  Withholding Rate 6.20% 6.20%
EE FICA Annual Maximum Withholding $8,537.40 $8,239.80
MQFE (Medicare) Gross Maximum No $ Max No $ Max
 ER MQFE (Medicare) Withholding Rate 1.45% 1.45%
 EE MQFE (Medicare) Withholding Rate for wages not exceeding $200,000.00 1.45% 1.45%
EE MQFE (Medicare) Withholding Rate for wages in excess of $200,000.00 2.35% 2.35%
MQFE Annual Maximum Withholding No $ Max No $ Max
Oklahoma Unemployment Taxable Gross Maximum $18,700.00 $18,100.00
Oklahoma Unemployment Rate 1.00% 1.00%
Oklahoma Unemployment Annual Tax Maximum $187.00 $181.00
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