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Federal Insurance Contributions Act (FICA)

Categories: Tax, Econ, Retirement

See: FICA.

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Finance: What is FICA?38 Views

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Finance allah shmoop What is fight guy Well there's death

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and there are taxes we all pay taxes and if

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you don't well then you might be flirting with the

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death thing But yeah pretty much everyone pays taxes and

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if you accept a paycheck in america someone pays fight

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got How does the government know it's going to take

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your fi ca well your employer has to withhold it

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from your pay He check Pika stands for federal insurance

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contributions act and it represents your contribution to medicare and

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social security Will fight attacks runs about fifteen point three

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percent You pay half and your employer pays half Will

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you actually receive the benefit from your contribution Like you

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really gonna bet that social security you'll still be around

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when you need it Yeah well that's another bala wax 00:00:51.339 --> [endTime] Good luck

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