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Term of the Day

FICA

FICA refers to the Federal Insurance Contribution Act, which imposes a tax on both employees and employers to provide funding for Social Security and Medicare.

Category: Tax

Latest Question

Do you know if Chrysler pension is paid from a trust that prevents it from bring able to be garnished?

Exemptions may apply to some accounts, however, if you owe spousal or child support or the IRS has a tax garnishment.

Category: bankruptcy