1. The FICA Social Security rate is 6.20 percent on earnings up to the applicable taxable maximum amount $118,500 in 2017.
2. The Medicare portion is 1.45 percent on all earnings. Also, as of January 2013, individuals with earned income of more than $200,000 or $250,000 for married couples filing jointly pay an additional 0.9 percent in Medicare taxes.
3. Tax deferred plan 401k limit is $18,500 in 2017.