Edmentum Personal Finance Practice Exam 2026 – Complete Study Guide

Employers pay 6.2 percent of an employee's gross wages into the Social Security system. This contribution is part of the Federal Insurance Contributions Act (FICA) taxes, which fund Social Security and Medicare. The 6.2 percent rate applies to earnings up to a specified wage limit, known as the Social Security wage base limit, which is adjusted annually.

In addition to the employer's contribution, employees also contribute an equal amount of 6.2 percent of their wages, meaning that a total of 12.4 percent of an employee’s wages goes towards Social Security when combining both the employer and employee contributions. The other options presented do not reflect the correct percentage that employers contribute specifically to Social Security, as they either represent outdated rates or hypothetical figures unrelated to current FICA tax requirements.