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Federal Insurance Contributions Act (FICA)


   

The Federal Insurance Contributions Act (FICA):

  • The Federal Insurance Contributions Act (FICA) tax includes two separate taxes. One is the social security tax and the other is the Medicare tax

  • Taxes are paid by both employer and employee (withheld from wages)

  • To learn more about paying these taxes, visit employment taxes at the Internal Revenue Service site

More information about the Federal Insurance Contributions Act (FICA).

 

 

 

 

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