Tag: Medicare programs

Business Law & Regulations, Finance

Understanding FICA Tax: What It Is and How to Calculate It

July 20, 2021

Via: Fit Small Business

FICA (Federal Insurance Contributions Act) is a federal payroll tax on the paychecks of employees, as well as mandated contributions from employers to fund the Social Security and Medicare programs. Both employees and employers are responsible for paying 6.2% of […]