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Federal Insurance Contribution Act The word FICA stands for "Federal Insurance Contributions Act."

Q: What does fica stand for?

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Federal Insurance Contribution Act The word FICA stands for "Federal Insurance Contributions Act."

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Federal Insurance Contributions Act

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The Federal Insurance Contributions Act (FICA) provides for payments from employees and employers to fund Social Security benefits for elderly and disabled persons.

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Federal Insurance Contributions Act (FICA) in other words, it is your Social Security Tax.

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Yes, plus Medicare tax. FICA is the acronym for the Federal Insurance Contributions Act.

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