Meaning / Definition of
FICA
Categories: Retirement and Pension, Personnel Management,
in the United States, a federal law that requires employers to deduct a percentage of their employees' income for payment into the trust fund that provides social security and Medicare benefits. Employers and employees are each responsible for half the payment, while self-employed individuals are responsible for the entire payment but are allowed a tax deduction for half.
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Definition / Meaning of
Pension Protection Act Of 2006
Categories: Insurance,
removed
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