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FICA

   Also found in: Financial, Acronyms 0.02 sec.
FICA
abbr.
Federal Insurance Contributions Act
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.FICA - a tax on employees and employers that is used to fund the Social Security system
income tax - a personal tax levied on annual income
Translations
FICA (US) abbr of Federal Insurance Contributions Act (Jur) Gesetz über die Einbehaltung von Sozialversicherungsbeiträgen; a third of Jack’s salary went to FICA → ein Drittel von Jacks Gehalt ging an die Sozialversicherung


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? Mentioned in ? References in periodicals archive
 
And the major burden for that 80 percent is not the income tax or the AMT, it is the FICA, or Social Security tax.
La causa by Peters, Charles / Washington Monthly
Any cash or noncash remuneration received for employment, unless specifically exempt, is considered wages subject to the FICA tax.
When are wages not FICA wages? by Reichert, Charles J. / Journal of Accountancy
1041 excludes payments to a person other than an employee from wages for FICA and Federal income tax purposes.
Limits on rulings on NQSOs in divorce by Gibson, Dan / The Tax Adviser
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