FICM on a payroll stub typically stands for "Federal Insurance Contributions Act Medicare." It refers to the Medicare tax that is withheld from an employee's paycheck to fund the Medicare program, which provides health insurance for individuals aged 65 and older, as well as certain younger individuals with disabilities. This deduction is part of the overall FICA taxes, which also include Social Security contributions.
Federal Withholding Tax
Federal Unemployment TAX (FUTA)
fit = F.I.T. = Federal Income Tax
State Withholding Tax, which is to pay state taxes
MICA TAX is referred to your Medicare deduction.
what does ImpIncHypo mean
Federal Withholding Tax
Federal Unemployment TAX (FUTA)
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fit = F.I.T. = Federal Income Tax
State Withholding Tax, which is to pay state taxes
MICA TAX is referred to your Medicare deduction.
Your companies payroll office or whoever is in charge of payroll.
Your companies payroll office or whoever is in charge of payroll.
Your companies payroll office or whoever is in charge of payroll.
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