Sentence Examples

  • Therefore, an employee may be held responsible for their employer's failure to pay FICA, and should always consult their paycheck to ensure that the proper taxes have been withheld.
  • Self-employed individuals, freelancers and independent contractors must pay FICA taxes before the yearly tax payment deadline set by the IRS, which falls on or around April 15th.
  • Every employed individual in the U.S. is required to pay FICA taxes on their income, regardless of whether they work for someone else or are self-employed.
  • FICA taxes support two different Social Security programs: Medicare's Hospital Insurance (HI) and the Old-Age, Survivors and Disability Insurance (OASDI).
  • Because employers and employees must both contribute, FICA is therefore more akin to a contribution program, despite technically being regarded as a tax.
 
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Also Mentioned In

    Words near FICA in the dictionary