Formal and Informal Expressions of fica

In different contexts, you can replace 'fica' with suitable alternatives. In a more formal setting, 'Federal Insurance Contributions Act' is apt. In informal speech or writing, 'Social Security tax' is a commonplace synonym.

fica: Explore its Definition & Usage

fica Definition

Federal Insurance Contributions Act, a US law that requires employees to contribute a portion of their earnings to fund Social Security and Medicare programs.

Using fica: Examples

Take a moment to familiarize yourself with how "fica" can be used in various situations through the following examples!

Example
The FICA tax rate is 7.65% for employees.
Example
Employers must also pay a matching amount of FICA taxes.

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Summary: fica in Brief

The term 'FICA' [fee-kuh] refers to the Federal Insurance Contributions Act, a US law that requires employees to contribute a portion of their earnings to fund Social Security and Medicare programs. The FICA tax rate is 7.65% for employees, and employers must also pay a matching amount of FICA taxes.