Q:

What is F.I.C.A

Answer

FICA is Federal Insurance Contributions Act. This act mandates that an employer withhold a set percentage of employee's salary.

Categorized In: U.S. Government , Finance & Economy

Source: What is FICA? | www.wisegeek.com

17 hr 37 min ago

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More ChaCha Answers (1)

Social Security payroll taxes are collected under authority of the Federal Insurance Contributions Act (FICA). ChaCha for now!

Mar 19 2009, 10:55am | Source: Your Social Security Statement - (FICA) Federal Insurance Contributions Act | www.ssa.gov
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