2006-09-16 10:30:54 · 7 answers · asked by Anonymous in Politics & Government ➔ Politics
Federal Insurance Contributions Act
2006-09-16 10:33:14 · answer #1 · answered by Abularaby 4 · 2⤊ 0⤋
FICA is the withholding for Social Security and Medicare on your paycheck.
2006-09-16 17:35:57 · answer #2 · answered by Tommy D 5 · 0⤊ 0⤋
"Under the Federal Insurance Contributions Act (FICA), 12.4 percent of your earned income up to an annual limit must be paid into Social Security, and an additional 2.9 percent must be paid into Medicare".
2006-09-16 17:33:37 · answer #3 · answered by Megan 5 · 1⤊ 0⤋
Federal
Insurance
Corporation
of America
These are the folks that subsidise workmans compensation insurance in case you get hurt on the job.
2006-09-16 17:35:32 · answer #4 · answered by Anonymous · 0⤊ 1⤋
It's the "Federal Income Confiscation Administration"!!!!!
Doc
2006-09-16 18:25:17 · answer #5 · answered by Arbuckle Doc 3 · 0⤊ 1⤋
It's how the government takes just enough money out of your pocket to keep you dependent on the government for things you'd be able to do for yourself if they left you the hell alone.
2006-09-16 17:38:42 · answer #6 · answered by Simon Templar 2 · 1⤊ 0⤋
Social security and medicare combined
2006-09-16 17:32:35 · answer #7 · answered by Anonymous · 1⤊ 0⤋