What is the difference between federal withholding tax and fica?

Answer The primary difference between withholding tax and FICA is the how the taxes are used. Withholding tax is general revenue that supports overall government operations. FICA tax supports programs adm... Read More »

Top Q&A For: What is the difference between federal withhold...

How much difference does an additional allowance make on the federal withholding amount?

Additional allowances can change the amount of federal withholding. Each allowance exempts $3,650 of additional income, but the resulting withholding depends on the marital status, number of jobs a... Read More »

What is the difference between federal subsidized and unsubsidized loans?

to add to what the previous poster said, the subsidized stafford loan is a need-based loan. you can't just choose to borrow that loan if you are not eligible for it.if you were offered the subsidiz... Read More »

What is the difference between federal&private student loans?

Student loans are quite often a necessary evil in the quest for higher education. Learning how federal and private loans differ can lessen some of the long-term effects of borrowing.Federal vs. Pri... Read More »

What Is the Difference Between a FAFSA & Federal Stafford Loan?

FAFSA, or Federal Application for Free Student Aid, is the application that needs to be completed to receive federal financial aid. Federal financial aid includes grants, campus-based aid such as w... Read More »