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What percentage of gross wages is taken for social security?

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FICA is NOT calculated on Gross Wages. It is done on FICA taxable wages which includes and exludes different things than Gross. FICA contributions, including various sub (categories of things like SS, Disability, Health, etc) are 15.30% of FICA wages. What is considered FICA wages differ from other wage considerations in many ways, (it has a top limit of about 108K, how pension contributions factored, State taxes, premium pay, etc. may be included or not, differently than what is considered taxable income for example).

If you are an employee, the employer MUST pay half of the contribution. If your self - employed, the amount normally paid by the employer is collected through something called the "self employment tax" when you file your income tax return.
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