Federal Insurance Contributions Act

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Definition: Federal Insurance Contributions Act

Federal Insurance Contributions Act
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Full Definition of Federal Insurance Contributions Act

FICA. Law requiring employers to withhold from employee wages and make payments to a trust fund designed to provide benefits, such as for retirement. also called Social Security.

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Page URL
https://payrollheaven.com/define/federal-insurance-contributions-act/
Modern Language Association (MLA):
Federal Insurance Contributions Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/federal-insurance-contributions-act/.
Chicago Manual of Style (CMS):
Federal Insurance Contributions Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/federal-insurance-contributions-act/ (accessed: April 18, 2024).
American Psychological Association (APA):
Federal Insurance Contributions Act. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/federal-insurance-contributions-act/

Definition Sources

Definitions for Federal Insurance Contributions Act are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.