Question: How much is Social Security Tax?
Answer: Social Security tax has always been 15.3% since 1990. The 15.3% percent is shared between the employer and the employee. Meaning, if you worked at Walmart and earned $100, you have to pay 7.65% or $76.50 and Walmart, the employer, has to pay 7.65% or $76.50.
The social security tax is capped when earning reaches $117,000 for tax year 2014. Meaning any income over $117,000 will NOT be subjected to Social Security Tax.
Social Security is often refer as FICA Tax.