FPC EXAM PREP Questions and Answers
with Verified Solutions | Latest Updated 2026
Federal Minimum Wage $7.25/hour
Social Security Wage Base $176,100
Social Security Tax Rate 6.2% (Employer Match)
Medicare Tax Rate 1.45% no cap (Employer Match)
Additional Medicare Tax Rate .9% (NO Employer Match)
Wages Subject to Additional Singles over $200,000 MFJ over $250,000
Medicare Tax
FUTA Tax Rate 6%
FUTA Wage Base $7,000
FUTA Credit Max 5.4% paid to SUTA- Minimum of.6%
to FUTA
Federal Minimum Wage- Tipped $2.13 / Hour
Employees
with Verified Solutions | Latest Updated 2026
Federal Minimum Wage $7.25/hour
Social Security Wage Base $176,100
Social Security Tax Rate 6.2% (Employer Match)
Medicare Tax Rate 1.45% no cap (Employer Match)
Additional Medicare Tax Rate .9% (NO Employer Match)
Wages Subject to Additional Singles over $200,000 MFJ over $250,000
Medicare Tax
FUTA Tax Rate 6%
FUTA Wage Base $7,000
FUTA Credit Max 5.4% paid to SUTA- Minimum of.6%
to FUTA
Federal Minimum Wage- Tipped $2.13 / Hour
Employees
