Employer Fica And Medicare Rates 2024. For 2024, an employer must withhold: The 2024 medicare tax rate is 2.9%.
This tax is 1.45% for the employee and 1.45% for the employer, totaling 2.9% of earned wages. As of 2024, employers and employees each pay 6.2% for social security and 1.45% for medicare.