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what is the meaning of fica tax

Website URL: https://obgoutsourcing.com/blog/fica-tip-credit-understanding-the-benefit-and-how-obg-outsourcing-can-help-businesses-claim-it

Category: Business

FICA tax, or Federal Insurance Contributions Act tax, is a U.S. federal payroll tax that funds Social Security and Medicare programs. It is withheld from employees’ wages and matched by employers to provide retirement,