In: Accounting
Social security and FICA will be contributed by the employer in equal amount to your contribution , therefore they are also part of your total compensation.
With respect to group insurance, in some cases the employer will not contribute . Therefore for the present case we shall not consider as part of compensation.
Average salary = $63,000
Social security (2.3%) = $ 1,449
FICA (2%) = $ 1,260
Total Compensation = $65,709
Social security