FICA

The federal law which requires employers to withhold a portion of employee wages and pay them to the government trust Fund which provides retirement Benefit. An acronym for Federal Insurance Contributions Act. More commonly known as Social Security.

Related Terms: 15 Benefit, Contribution, ECU, Fed, Fund, Federal Insurance Contributions Act, Insurance, ITS, NOW, Own, Retire, SEC, Social Security, Trust, Trust fund

Other Related Pages: Category: Retirement Starting With: F

Additional Related Terms: 10-Q, 10-K, Allowance for depreciation, Accrual of discount, Agency security, Amortization of premium, Asset-backed security, All or any part, Accelerated benefits, Accidental death benefit