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 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 »

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 is"OASDI"on a check stub?

OASDI stands for Old-Age, Survivors and Disability Insurance, the main component of Social Security. A portion of your salary goes to support the program, and your employer generally pays the same ... Read More »

What Are the Benefits of a Payroll Check Stub?

Payroll check stubs are the portion of a paper paycheck that does not get deposited into a bank. Most companies that pay employees with direct deposits into their bank accounts still give payroll s... Read More »