What FICA (FEDERAL INSURANCE CONTRIBUTIONS ACT) means: The law that provides for social security and Medicare benefits. This program is financed by payroll taxes imposed equally on the employer and the employee. See our Social Securty Wages and Earnings Base for the current wage base.
- Definition Fiscal Year:
- Dictionary ending on the last day of any month except December, or a 52-53 week tax year, which is a year that ends on the same day of the week (for example, the last Thursday of the month or on the Thursday fica (federal insurance contributions act) definition.
- Definition Federal Income Tax Withheld:
- Dictionary The amount withheld from an income and submitted by the payer to the IRS as an advance payment of the taxpayer's federal income tax fica (federal insurance contributions act) explain.
- Definition Full-Time Student:
- Dictionary full-time student if the dependent is enrolled in a school for the number of hours or courses considered by the school to be full-time during some part of at least 5 calendar months during the year fica (federal insurance contributions act) what is.
- Definition Fair Rental Value:
- Dictionary owner of property could reasonably expect to receive from a stranger for the same type of lodging; generally, the amount at which a home with its furnishings could be rented to a similar size family fica (federal insurance contributions act) meaning.
How works FICA (Federal Insurance meaning in Tax definitions F .
