is the fica-e tax the same as federal income tax?

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is the fica-e tax the same as federal income tax?

2007-01-31 10:10:44 · 2 answers · asked by annie p 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

FICA is Social Security Tax. This is in Box 4. FICA is an automatic deduction you are required to pay for retirement. 6.2% of your earnings are automatically deducted each pay period and Box 2 shows how much you paid into Social Security during the year.

Federal Income Tax is in Box 2. This is your withholding amount that you apply against your Total Tax for the prior year to determine how much you still owe or how much you overpaid.

2007-01-31 10:45:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋

FICA is social security tax.

2007-01-31 18:14:51 · answer #2 · answered by Rob D 5 · 0⤊ 0⤋