Federal Insurance Contribution Act
- (FICA)Federal law requiring employers and employees to contribute a percentage of their wage income to Social Security and Medicare programs.
American business jargon. 2014.
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Federal Insurance Contribution Act — n. The act that regulates the Social Security system by taxing employers and employees and setting benefits. abbrv. FICA The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
Federal Insurance Contributions Act tax — The Federal Insurance Contributions Act (FICA) tax (pron en|ˈfаɪkə) is a United States payroll (or employment) tax [The FICA tax is imposed under the Federal Insurance Contributions Act, which is codified as usctc|26|21] imposed by the federal… … Wikipedia
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