Fica
/ˈfiːkə/
Definitions
- (n.) Federal Insurance Contributions Act, a U.S. law mandating payroll taxes for Social Security and Medicare.
Employers must withhold FICA taxes from employees’ wages.
Forms
- fica
Related terms
See also
Commentary
Often capitalized as an acronym; refers specifically to the federal payroll tax system funding social welfare programs.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.