Q:

What is fica on your paycheck

Answer

FICA stands for Federal Insurance Contributions Act (FICA) tax and it includes 6.2% for Social Security and 1.45% for Medicare.

Categorized In: U.S. Government

Source: TheMint.org - Fun For Kids - Decoding Your Paycheck | www.themint.org

Description: All workers pay into Social Security and Medicare. Both programs are funded by FICA, a payroll tax. FICA stands for Federal Insurance Contributions Act (FICA) tax.

Nov 04, 10:13pm

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