Medicare (FICA – Part 2)
Part 2 of FICA is Medicare. Medicare is 1.45% of all your earnings. There is no maximum amount for the Medicare portion. Additionally, starting in 2013, employers were instructed to withold an additional Medicare tax of 0.9% on earnings over the additional Medicare threshold.
For single filers, this threshold is $200,000. For married couples/qualified widow(ers) filing a joint return, this threshold is $250,000, for married separately filing couples the threshold is $125,000 and for the head of household it is $200,000. (FYI - an equal amount of FICA tax must be paid by the employer).
For more information visit wikipedia.org/medicare