Home > Answers > WhatsFICAmean twa1365591597

What's FICA mean?

  • Sektör/Rtki Alanı Muhasebe
  • Kategori Bordro
  • Created: 05:59, 10 April 2013

Yanıtlar (1)

siddiqshadab

FICA Stand For (Federal Insurance Contributions Act) is a United States federal payroll (or employment) tax. imposed on both employees and employers to fund Social Security and Medicare. federal programs that provide benefits for retirees, the disabled, and children of deceased workers. The tax also provides funds to the health care system for institutions that provide healthcare for workers that do not have health insurance and can not afford healthcare treatment. Social Security benefits include old-age, survivors, and disability insurance (OASDI); Medicare provides hospital insurance benefits for the elderly. The amount that one pays in payroll taxes throughout one's working career is associated indirectly with the social security benefits annuity that one receives as a retiree. This has caused some to claim that the payroll tax is not a tax because its collection is tied to a benefit. The United States Supreme Court decided in Flemming v. Nestor (1960) that no one has an accrued property right to benefits from Social Security. The Federal Insurance Contributions Act is currently codified at Title 26, Subtitle C, Chapter 21 of the United States Code.

03:00, 12 July 2014

Tartışmalara katılmak için oturum açmanız gerekiyor.

Oluşturan

Öne çıkan sözlükler

Trending

Kategori: diğer   1 5 Terms

video games

Kategori: Eğlence   1 19 Terms

Alienware

Kategori: Teknoloji   1 6 Terms

Nokia's

Kategori: Teknoloji   1 1 Terms

Sino-US Strategy and Economic Development

Kategori: Siyaset   1 2 Terms

Everything Jam

Kategori: Sanat   1 10 Terms