The employer's and employee's contribution for FICA are:

FICA, which stands for the Federal Insurance Contributions Act, mandates the collection of taxes that fund Social Security and Medicare. The contributions are structured so that both the employer and the employee share the financial responsibility equally. This means that each party contributes half of the total FICA tax rate.

As of the current tax rates, employers are required to match the contributions made by their employees. Therefore, if an employee pays a certain percentage towards Social Security and Medicare, the employer is obligated to pay an equal percentage. This shared responsibility is essential for maintaining the solvency of these federal programs.

Understanding this 50-50 split is crucial for both employers and employees, as it impacts payroll calculations and budgeting for both parties. This equal division helps ensure that both contribute fairly towards the important benefits that FICA funds provide to retirees and those qualifying for Medicare.