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What is FICA?
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Topic: What is FICA? (Read 48259 times)
Real Business Solutions
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What is FICA?
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March 14, 2009, 11:11:11 PM »
Social Security and Medicare taxes are collected under two systems.
Self Employment Contribution Act (SECA), the self employed person pays all the taxes.
Federal Insurance Contributors Act (FICA) the employer and the employee each pay half of the taxes.
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