What is F.I.C.A?
FICA stands for Federal Insurance Contributions Act and is commonly known as social security. A federal law that requires employers to withhold a portion of employee wages and pay them to the government trust fund which provides retirement benefits.
Answered -
Older Answers
Social Security payroll taxes are collected under authority of the Federal Insurance Contributions Act (FICA). ChaCha for now!
Answered by Catina C. -
Comments