FICA


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  • noun

Words related to FICA

a tax on employees and employers that is used to fund the Social Security system

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Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
"The views of the Advisory Board on improvement and development of the game will be taken at the ICC meeting by the FICA",Ken De Alwis concluded.
'FICA's security consultant Reg Dickason is involved in the risk assessment.
In regard to ICC's governance, FICA welcomed the shift in ICC's constitution and governance structures, but believes changes should go further.
FICA is a liquid, structured bank deposit vehicle that provides investors a competitive yield on multi-million dollar deposits backed by the full faith and credit of the US Government.
457(b) plans usually permit participation by all eligible employees, whether highly compensated or not, special attention should be given to FICA taxation when employer matching or nonelective contributions are provided, particularly when those contributions are subject to a vesting schedule.
Lord completed his hat-trick and Carl Lattimer netted twice to put Fica back in control.
2008)] that the severance payments were subject to FICA withholding.
[beaucoup moins que] Il est vrai que le Fica se rapproche plus des journees thematiques [beaucoup plus grand que], concede un membre du staff organisateur, Karim Ait Oumeziane, qui s'engage pour l'avenir a [beaucoup moins que] elever l'evenement au rang de festival international [beaucoup plus grand que] de cinema.
Quality Stores, Inc., deciding that severance payments employers made to laid-off employees are "wages" and are taxable under FICA. The immediate fallout from this decision is that more than $1 billion in FICA tax protective refund claims filed by employers across the country will not be paid.
From 1991 to 1996, Cencast treated each employed production worker as its employee, and as a result, Cencast aggregated the annual wages paid to an employee and then applied the FICA and FUTA wage caps to each worker's total wages from all production companies rather than to the wages earned at each company In 2001, the IRS assessed FUTA tax and FICA tax deficiencies of approximately $43.7 million and $15.6 million, respectively, for tax years 1991-1996, on the basis that each production company was the employer for purposes of computing the wage caps.
The Federation of International Cricketers' Associations (FICA) want the matter referred to the ICC's ethics officer because they are adamant that captains were pressurised by their boards to change their vote from former FICA head May to Indian Laxman Sivaramakrishnan, the Independent reports.
Dubai: The International Cricket Council (ICC) and The Federation of International Cricketers' Associations (Fica) are heading for a major confrontation.
Section 3121(v)(2) of the Code contains special rules addressing when FICA taxes are payable on nonqualified retirement plan benefits.