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 Foreign Corporation:
- Dictionary A corporation not organized under the laws of one of the states or territories of the United States fica (federal insurance contributions act) definition.
- Definition Flexible Spending Account:
- Dictionary A method of paying for benefits under a cafteria plan through salary reductions. Also see "Cafteria Plan." fica (federal insurance contributions act) explain.
- Definition First In, First Out (FIFO):
- Dictionary method for determining the cost of inventories. Under this method, the first items purchased are treated as being the first items sold. Ending inventory is valued using the cost of later purchases fica (federal insurance contributions act) what is.
- Definition Foreign Tax Credit Or Deduction:
- Dictionary deduction available to a U. S. citizen or resident alien, and in limited circumstances to a U. S. nonresident alien, who incurs or pays income taxes to a country other than the United States fica (federal insurance contributions act) meaning.
How works FICA (Federal Insurance meaning in Tax definitions F .
