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Federal Insurance Contributions Act tax

Index Federal Insurance Contributions Act tax

The Federal Insurance Contributions Act (FICA) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, disabled people, and children of deceased workers. [1]

93 relations: A visa, Amish, Australia, Austria, Belgium, Cafeteria plan, Canada, Center on Budget and Policy Priorities, Chile, Codification (law), Congressional Budget Office, Consumer price index, Cornell Law School, Corporation, Credit score in the United States, Czech Republic, Denmark, Disability insurance, Dollars & Sense, Domestic worker, Employment, F visa, Finland, Flat tax, Flemming v. Nestor, Form W-2, France, G-1 visa, Germany, Great Depression, Greece, Guam, H-2A visa, H-2B visa, Health insurance, Hungary, Income tax, Income tax in the United States, Independent contractor, Insurance, Intellectual disability, Internal Revenue Code, Internal Revenue Service, International organization, International Organizations Immunities Act, Ireland, J-1 visa, Japan, Kevin Hassett, Legal Information Institute, ..., Luxembourg, M-1 visa, Medicare (United States), Mennonites, National Insurance, Netherlands, New Deal, Norway, Paperboy, Partnership, Payroll tax, Philippines, Poland, Portugal, Progressive tax, Q-1 visa, Real estate broker, Regressive tax, Residency (medicine), Retail clerk, Self-employment, Slovakia, Social Security (United States), Social Security Act, Social Security Administration, Social Security Wage Base, South Korea, Spain, Standard deduction, Supreme Court of the United States, Sweden, Switzerland, Tax refund, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, The Economist, The Weekly Standard, Totalization agreements, Trust Fund Recovery Penalty, Unearned income, United Kingdom, United States, United States Code, Withholding tax. Expand index (43 more) »

A visa

An A Visa is a category of non-immigrant visas allowing travel to the United States issued to ambassadors, diplomats, government officials, and their support staff.

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Amish

The Amish (Pennsylvania German: Amisch, Amische) are a group of traditionalist Christian church fellowships with Swiss German Anabaptist origins.

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Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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Austria

Austria (Österreich), officially the Republic of Austria (Republik Österreich), is a federal republic and a landlocked country of over 8.8 million people in Central Europe.

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Belgium

Belgium, officially the Kingdom of Belgium, is a country in Western Europe bordered by France, the Netherlands, Germany and Luxembourg.

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Cafeteria plan

A cafeteria plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code.

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Canada

Canada is a country located in the northern part of North America.

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Center on Budget and Policy Priorities

The Center on Budget and Policy Priorities (CBPP) is an American think tank that analyzes the impact of federal and state government budget policies from a progressive perspective.

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Chile

Chile, officially the Republic of Chile, is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west.

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Codification (law)

In law, codification is the process of collecting and restating the law of a jurisdiction in certain areas, usually by subject, forming a legal code, i.e. a codex (book) of law.

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Congressional Budget Office

The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.

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Consumer price index

A consumer price index (CPI) measures changes in the price level of of and purchased by households.

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Cornell Law School

Cornell Law School is the law school of Cornell University, a private Ivy League university located in Ithaca, New York.

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Corporation

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

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Credit score in the United States

A credit score in the United States is a number representing the creditworthiness of a person, the likelihood that person will pay his or her debts.

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Czech Republic

The Czech Republic (Česká republika), also known by its short-form name Czechia (Česko), is a landlocked country in Central Europe bordered by Germany to the west, Austria to the south, Slovakia to the east and Poland to the northeast.

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Denmark

Denmark (Danmark), officially the Kingdom of Denmark,Kongeriget Danmark,.

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Disability insurance

Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work.

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Dollars & Sense

Dollars & Sense is a magazine focusing on economics from a progressive perspective, published by Dollars & Sense, Inc, which also publishes textbooks in the same genre.

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Domestic worker

A domestic worker, domestic helper, domestic servant, manservant or menial, is a person who works within the employer's household.

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Employment

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

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F visa

In the United States, the F visas are a type of non-immigrant student visa that allows foreigners to pursue education (academic studies and/or language training programs) in the United States.

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Finland

Finland (Suomi; Finland), officially the Republic of Finland is a country in Northern Europe bordering the Baltic Sea, Gulf of Bothnia, and Gulf of Finland, between Norway to the north, Sweden to the northwest, and Russia to the east.

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Flat tax

A flat tax (short for flat tax rate) is a tax system with a constant marginal rate, usually applied to individual or corporate income.

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Flemming v. Nestor

Flemming v. Nestor,, was a United States Supreme Court case in which the Court upheld the constitutionality of Section 1104 of the 1935 Social Security Act.

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Form W-2

Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them.

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France

France, officially the French Republic (République française), is a sovereign state whose territory consists of metropolitan France in Western Europe, as well as several overseas regions and territories.

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G-1 visa

The G-1 diplomatic visa is a nonimmigrant visa which allows designated principal resident representatives of foreign governments recognized by the United States to enter into the U.S. to work for an international organization and not for personal business or pleasure.

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Germany

Germany (Deutschland), officially the Federal Republic of Germany (Bundesrepublik Deutschland), is a sovereign state in central-western Europe.

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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Greece

No description.

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Guam

Guam (Chamorro: Guåhån) is an unincorporated and organized territory of the United States in Micronesia in the western Pacific Ocean.

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H-2A visa

An H-2A visa allows a foreign national entry into the United States for temporary or seasonal agricultural work.

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H-2B visa

The H-2B visa nonimmigrant program permits employers to hire foreign workers to come temporarily to the United States and perform temporary nonagricultural services or labor on a one-time, seasonal, peakload or intermittent basis.

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Health insurance

Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.

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Hungary

Hungary (Magyarország) is a country in Central Europe that covers an area of in the Carpathian Basin, bordered by Slovakia to the north, Ukraine to the northeast, Austria to the northwest, Romania to the east, Serbia to the south, Croatia to the southwest, and Slovenia to the west.

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Income tax

An income tax is a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income).

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Income tax in the United States

Income taxes in the United States are imposed by the federal, most state, and many local governments.

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Independent contractor

An independent contractor is a natural person, business, or corporation that provides goods or services to another entity under terms specified in a contract or within a verbal agreement.

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Insurance

Insurance is a means of protection from financial loss.

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Intellectual disability

Intellectual disability (ID), also known as general learning disability, and mental retardation (MR), is a generalized neurodevelopmental disorder characterized by significantly impaired intellectual and adaptive functioning.

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Internal Revenue Code

The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC).

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Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

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International organization

An international organization is an organization with an international membership, scope, or presence.

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International Organizations Immunities Act

The International Organizations Immunities Act is a United States federal law enacted in 1945.

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Ireland

Ireland (Éire; Ulster-Scots: Airlann) is an island in the North Atlantic.

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J-1 visa

A J-1 visa is a non-immigrant visa issued by the United States to research scholars, professors and exchange visitors participating in programs that promote cultural exchange, especially to obtain medical or business training within the U.S. All applicants must meet eligibility criteria, English language requirements, and be sponsored either by a university, private sector or government program.

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Japan

Japan (日本; Nippon or Nihon; formally 日本国 or Nihon-koku, lit. "State of Japan") is a sovereign island country in East Asia.

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Kevin Hassett

Kevin Allen Hassett is an American economist and the Chair of the Council of Economic Advisers.

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Legal Information Institute

The Legal Information Institute (LII) is a non-profit, public service of Cornell Law School that provides no-cost access to current American and international legal research sources online at.

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Luxembourg

Luxembourg (Lëtzebuerg; Luxembourg, Luxemburg), officially the Grand Duchy of Luxembourg, is a landlocked country in western Europe.

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M-1 visa

The M-1 visa is a type of student visa reserved for vocational and technical schools.

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Medicare (United States)

In the United States, Medicare is a national health insurance program, now administered by the Centers for Medicaid and Medicare Services of the U.S. federal government but begun in 1966 under the Social Security Administration.

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Mennonites

The Mennonites are members of certain Christian groups belonging to the church communities of Anabaptist denominations named after Menno Simons (1496–1561) of Friesland (which today is a province of the Netherlands).

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National Insurance

National Insurance (NI) is a tax system in the United Kingdom paid by workers and employers for funding state benefits.

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Netherlands

The Netherlands (Nederland), often referred to as Holland, is a country located mostly in Western Europe with a population of seventeen million.

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New Deal

The New Deal was a series of programs, public work projects, financial reforms and regulations enacted in the United States 1933-36, in response to the Great Depression.

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Norway

Norway (Norwegian: (Bokmål) or (Nynorsk); Norga), officially the Kingdom of Norway, is a unitary sovereign state whose territory comprises the western portion of the Scandinavian Peninsula plus the remote island of Jan Mayen and the archipelago of Svalbard.

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Paperboy

A paperboy (or, less commonly, papergirl) is someone—often an adolescent—who distributes printed newspapers to homes or offices of subscribers on a regular route, usually by bicycle or automobile.

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Partnership

A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.

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Payroll tax

Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

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Philippines

The Philippines (Pilipinas or Filipinas), officially the Republic of the Philippines (Republika ng Pilipinas), is a unitary sovereign and archipelagic country in Southeast Asia.

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Poland

Poland (Polska), officially the Republic of Poland (Rzeczpospolita Polska), is a country located in Central Europe.

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Portugal

Portugal, officially the Portuguese Republic (República Portuguesa),In recognized minority languages of Portugal: Portugal is the oldest state in the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times.

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Progressive tax

A progressive tax is a tax in which the tax rate increases as the taxable amount increases.

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Q-1 visa

The Q-1 visa is a non-immigrant visa which allows travel to United States to participate in a cultural exchange program.

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Real estate broker

A real estate broker or real estate salesperson (often called a real estate agent) is a person who acts as an intermediary between sellers & buyers of real estate/real property.

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Regressive tax

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

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Residency (medicine)

Residency is a stage of graduate medical training.

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Retail clerk

A retail clerk, also known as a salesclerk, shop clerk, retail associate or (in the United Kingdom) shop assistant or customer service assistant, is a service occupation in a retail business.

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Self-employment

Self-employment is the state of working for oneself rather than an employer.

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Slovakia

Slovakia (Slovensko), officially the Slovak Republic (Slovenská republika), is a landlocked country in Central Europe.

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Social Security (United States)

In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration.

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Social Security Act

The Social Security Act of 1935, now codified as, created Social Security in the United States, and is relevant for US labor law.

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Social Security Administration

The United States Social Security Administration (SSA) is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits.

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Social Security Wage Base

For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social Security tax in the United States, the Social Security Wage Base (SSWB) is the maximum earned gross income or upper threshold on which a wage earner's Social Security tax may be imposed.

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South Korea

South Korea, officially the Republic of Korea (대한민국; Hanja: 大韓民國; Daehan Minguk,; lit. "The Great Country of the Han People"), is a country in East Asia, constituting the southern part of the Korean Peninsula and lying east to the Asian mainland.

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Spain

Spain (España), officially the Kingdom of Spain (Reino de España), is a sovereign state mostly located on the Iberian Peninsula in Europe.

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Standard deduction

Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax is applied.

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Supreme Court of the United States

The Supreme Court of the United States (sometimes colloquially referred to by the acronym SCOTUS) is the highest federal court of the United States.

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Sweden

Sweden (Sverige), officially the Kingdom of Sweden (Swedish), is a Scandinavian country in Northern Europe.

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Switzerland

Switzerland, officially the Swiss Confederation, is a sovereign state in Europe.

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Tax refund

A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid.

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Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, also known as the 2010 Tax Relief Act, was passed by the United States Congress on December 16, 2010, and signed into law by President Barack Obama on December 17, 2010.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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The Weekly Standard

The Weekly Standard is an American conservative opinion magazine published 48 times per year.

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Totalization agreements

Totalization agreements are international tax treaties that seek to eliminate dual taxation with regards to Social Security and Medicare taxes in the United States.

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Trust Fund Recovery Penalty

In the United States, the term trust fund recovery penalty refers to a tax penalty assessed against the directors or officers of a business entity which failed to pay a required tax on behalf of its employees.

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Unearned income

Unearned income is a term coined by Henry George to refer to income gained through ownership of land and other monopoly.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States Code

The Code of Laws of the United States of America (variously abbreviated to Code of Laws of the United States, United States Code, U.S. Code, U.S.C., or USC) is the official compilation and codification of the general and permanent federal statutes of the United States.

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Withholding tax

A withholding tax, or a retention tax, is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income.

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FICA, FICA tax, FICA taxes, Federal Insurance Contributions Act, Federal insurance contributions act tax, Payroll tax in the United States, Social Security Tax, Social Security payroll tax, Social Security tax.

References

[1] https://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax

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