US federal payroll tax to fund Social Security and Medicare
"FICA" redirects here. For other uses, see FICA (disambiguation).
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The Federal Insurance Contributions Act (FICA/ˈfaɪkə/) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare[1]—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
^O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 367. ISBN 0-13-063085-3.{{cite book}}: CS1 maint: location (link)
and 22 Related for: Federal Insurance Contributions Act information
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established payroll tax, which later became known as the FederalInsuranceContributionsAct tax. Social Security taxes would be collected from employers...
imposed. The Social Security tax is one component of the FederalInsuranceContributionsAct tax (FICA) and Self-employment tax, the other component being...
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Employer pre-tax contributions are not subject to FederalInsuranceContributionsAct tax or Medicare taxes, but employee pre-tax contributions not made under...
Insurance ContributionsAct (FICA) tax (a payroll withholding tax, which funds Social Security and Medicare) and the Federal Unemployment Tax Act (FUTA)...
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addition to income tax, a wage earner would also have to pay FederalInsuranceContributionsAct tax (FICA) (and an equal amount of FICA tax must be paid...
ERISA exempts health insurance plans from various state-specific laws, particularly contract and tort law, to create federal uniformity; as of 2017[update]...
for federal income tax purposes, nor are they usually subject to FederalInsuranceContributionsAct tax (FICA) and Federal Unemployment Tax Act (FUTA)...
in the United States Payroll taxes in the United States FederalInsuranceContributionsAct tax Corporate tax in the United States Internal Revenue Service...
Rachel is upset that most of her first paycheck went to the FederalInsuranceContributionsAct tax (FICA). When her old friends visit, she is even more...
Old Age, Survivors, and Disability Insurance (OASDI) programs associated with FederalInsuranceContributionsAct (FICA) payroll taxes. The initial benefit...
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