0
NO you do not have any choice about this INSURANCE program.
FICA stands for "Federal Insurance Contributions Act." It's the tax withheld from your salary or self-employment income that funds the Social Security and Medicare programs.
The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
is their an age limit on who pays fica taxes?
is there an age limit on who pays fica taxes
What portion of tips are subject to FICA taxes?
All tips are subject to FICA taxes until you hit the wage cap for the year.
What is the frequency of FICA and witholding depends on the amount taxes are due?
frequency of fica payments
Does everyone pay FICA taxes?
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
What are examples of payroll taxes?
Social Security Taxes, FICA, and medicare are payroll taxes.
Why would you want your employer to take out FICA and medicare taxes?
It's not an option for him, by law, your employer MUST withhold these taxes from your pay.
is their an age limit on who pays fica taxes?
is there an age limit on who pays fica taxes
Who pays FICA taxes?
employers pay the fica tax
What portion of tips are subject to FICA taxes?
All tips are subject to FICA taxes until you hit the wage cap for the year.
What is the frequency of FICA and witholding depends on the amount taxes are due?
frequency of fica payments
Does everyone pay FICA taxes?
I have an employee over 70 years of age, can she stop withholding her FICA taxes? (Social Security) Thank you
What are examples of payroll taxes?
Social Security Taxes, FICA, and medicare are payroll taxes.
What taxes would be deducted in determining an employee's net pay?
FICA taxes
Which payroll taxes are the employee's responsibility?
FICA tax, Futa and Suta taxes
Do you get the FICA back on your federal taxes?
No you do not get FICA back on federal taxes. It's a pay now and collect later system, for when you collect social security at retirement.
What is another name for fica?
Social Security Taxes
What does an employer have to match on your taxes?
FICA and Medicare deductions
