What does FICA stand for on a check stub?

Answer FICA stands for Federal Insurance Contribution Act. All workers except college students taking more than six credit hours and certain Nonresident Aliens must pay FICA taxes. The taxes fund the Unit... Read More »

Top Q&A For: What does FICA stand for on a check stub

What does FICA-MED on my paycheck deductions stand for?

The abbreviation "FICA" on paychecks stands for Federal Insurance Contributions Act, which is commonly known as the Social Security tax. The abbreviation "MED" stands for Medicare. FICA and Medicar... Read More »

What does the FICA on my check deductions stand for?

FICA on your paycheck stands for the Federal Insurance Contributions Act (FICA). These check deductions are more commonly referred to as Social Security taxes. The Social Security system provides... Read More »

If employee is exempt from FICA is employer also exempt from contributing to FICA for that employee?

What is the FICA Tax?

FICA--Federal Insurance Contributions Act was passed I believe in 1937. It is the Social Security Tax. You pay 7.65 % of your income to this and your employer matches it. Supposed to collect late... Read More »