5 Fica Definition

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What Is FICA and How Much Is FICA Tax
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what is fica definition and meaning investorwords definition of fica the federal law which requires employers to withhold a portion of employee wages and pay them to the government trust fund which federal insurance contributions act tax the federal insurance contributions act fica ˈ f aɪ k ə is a united states federal payroll or employment contribution directed towards both employees and employers to fund social security and medicare —federal programs that provide benefits for retirees people with disabilities and children of deceased workers the insurance also provides funds to the health care system for fica dizionario italiano inglese wordreference fica traduzione del vocabolo e dei suoi posti e discussioni del forum fica tax guide 2018 payroll tax rates & definition fica taxes the basics every payday a portion of your check is withheld by your employer that money goes to the government in the form of payroll taxes fica and property transactions fourie stott attorneys accountable institutions have to be meticulous in collecting this information because the penalties for non pliance are severe fica pliance is an inconvenient but necessary reality with which we must all ply