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How much Social Security do they deduct from your paycheck?

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How much Social Security do they deduct from your paycheck?
The specific amount withheld should be shown on your payment stub or direct deposit receipt, and is labeled FICA.

A total of 7.65% of your pre-tax income (6.2% for Social Security and 1.45% for Medicare Hospital benefits) is withheld from each paycheck until you reach the current earnings cap of $106,800. There is no earnings cap for the 1.45% Medicare Hospitalization contribution, so that continues to be withheld regardless of your income.

Your employer pays a matching amount from company funds, bringing the total contribution on your behalf to 15.3% of the first $106,800 of salary.

If you earn less than the maximum, you can easily calculate your total annual contribution by multilplying your base salary x .0765.

For example:

A person who earns $35,000 in 2010 will contribute $2,677.50 toward future retirement benefits, and his or her company would match that contribution for a total of $5,355.
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