Federal Insurance Contributions Act (FICA)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:additionalTax	0.9% Medicare tax for high earners
gptkbp:appliesTo	employers employees
gptkbp:category	Taxation in the United States Social programs in the United States
gptkbp:codifiedIn	gptkb:26_U.S.C._§_3101_et_seq.
gptkbp:dateEnacted	1935
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:fundedBy	gptkb:Old-Age,_Survivors,_and_Disability_Insurance_(OASDI) Medicare Hospital Insurance
gptkbp:maximumTaxableEarnings	applies to Social Security portion
gptkbp:noMaximumTaxableEarnings	applies to Medicare portion
gptkbp:notableCollection	gptkb:Internal_Revenue_Service
gptkbp:partOf	gptkb:Social_Security_Act
gptkbp:purpose	fund Medicare fund Social Security
gptkbp:relatedTo	gptkb:Social_Security_Administration gptkb:Medicare_Program gptkb:Self-Employment_Contributions_Act_(SECA)
gptkbp:taxStatus	gptkb: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:26_U.S.C._Chapter_2 gptkb:26_U.S._Code_Chapter_21 gptkb:Federal_Unemployment_Tax_Act_(FUTA)_taxes gptkb:Self-Employment_Contributions_Act_(SECA)
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	Federal Insurance Contributions Act (FICA)