BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Forbidden Investigation Can Avert
|
|
|
It doesn’t stand for anything, Mr. Hupp made it up
|
|
|
Federal Insurance Constitutional Association
|
|
|
Federal Insurance Contributions Act
|
Detailed explanation-1: -FICA is a U.S. federal payroll tax. It stands for the Federal Insurance Contributions Act and is deducted from each paycheck. Your nine-digit number helps Social Security accurately record your covered wages or self-employment.
Detailed explanation-2: -What does finna mean? Finna, a contraction of fixing to, means “getting ready to do something.” It’s used to express a goal to take some sort of action in the near future.
Detailed explanation-3: -The acronym FICA stands for the Federal Insurance Contributions Act tax.
Detailed explanation-4: -Taxes under the Federal Insurance Contributions Act (FICA) are composed of the old-age, survivors, and disability insurance taxes, also known as social security taxes, and the hospital insurance tax, also known as Medicare taxes.