Federal Income Tax is a deduction mandated by the government which is determined by your income. The information you enter on your W4 helps to determine how much federal income tax you pay. Social Security & Medicare (FICA) are also mandatory. Social Security is 6.2% of your gross pay. Your employer pays the other 6.2% for a total of 12.4 towards your SSI benefits. Medicare is 1.45% of your gross pay. Your employer pays the other 1.45% for a total of 2.9% towards your Medicare Benefits Florida does not have a state income tax Understanding Your Paycheck
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