Home
E-Mail
Latest

Federal Insurance Contributions Act (FICA)

What is it? A federal law that requires employers to withhold Social Security and Medicare tax from an employees wages or salary. Employers are also required to pay a portion of these taxes.

Added By: Brady

The Federal Insurance Contributions Act (FICA) definition has been viewed 312 Time(s)!




Send To Friends!

If you'd like to send the Federal Insurance Contributions Act (FICA) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Federal Insurance Contributions Act (FICA). If you need any more information on this term, please don't hesitate to contact us.