Federal Insurance Contributions Act (FICA) Tax Law and Legal Definition
The Federal Insurance Contributions Act (FICA) Tax is also called payroll tax. The federal government imposes this tax on both employers and employees to pool funds for Social Security and Medicare. It is also known as social security tax. The Federal Insurance Contributions Act tax is the major revenue to provide benefits for retirees, the disabled, and children of deceased workers.
Legal Definition list
- Federal Insurance Contributions Act (FICA) Tax
- Federal Insurance Contribution Act FICA
- Federal Insecticide, Fungicide, and Rodenticide Act
- Federal Information Security Management Act
- Federal Indian Reservation
- Federal Intergovernmental Mandate
- Federal Judge
- Federal Judicial Center
- Federal Juvenile Delinquency Program
- Federal Labor Relations Activity
- Federal Labor Relations Party
