Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is FICA in the Federal Income tax?

0
Posted

What is FICA in the Federal Income tax?

0

FICA & Medicare are sort of lumped together as FICA in this age of acronyms. It is 15.3% for every dollar earned; when you are an employee the employer pays half of it and you pay half; self employed individuals pay the whole thing themselves.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.