Federal Insurance Contributions Act

URI: https://gptkb.org/entity/Federal_Insurance_Contributions_Act
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:abbreviation gptkb:FICA
gptkbp:additionalTax 0.9% Medicare tax for high earners
gptkbp:appliesTo gptkb:United_States
employers
employees
gptkbp:codifiedIn gptkb:26_U.S.C._§_3101_et_seq.
gptkbp:compatibleWith some religious groups
certain nonresident aliens
certain state and local government employees
gptkbp:dateEnacted 1935
gptkbp:enactedBy gptkb:United_States_Congress
gptkbp:fundedBy gptkb:Hospital_Insurance_Trust_Fund
gptkb:Old-Age,_Survivors,_and_Disability_Insurance
https://www.w3.org/2000/01/rdf-schema#label Federal Insurance Contributions Act
gptkbp:notableCollection gptkb:Internal_Revenue_Service
gptkbp:noWageBaseLimit Medicare portion
gptkbp:partOf gptkb:Social_Security_Act
gptkbp:purpose fund Medicare
fund Social Security
gptkbp:relatedTo gptkb:Social_Security_Administration
gptkb:Self-Employment_Contributions_Act
gptkb:Medicare_Program
gptkbp:section gptkb:Title_26_of_the_United_States_Code
gptkbp:subjectToWageBaseLimit Social Security portion
gptkbp:taxStatus payroll tax
1.45% for Medicare (employee)
1.45% for Medicare (employer)
6.2% for Social Security (employee)
6.2% for Social Security (employer)
gptkbp:bfsParent gptkb:Old-Age,_Survivors,_and_Disability_Insurance
gptkb:Social_Security_trust_fund
gptkbp:bfsLayer 5