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 |