Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

FICA

The Federal Insurance Contributions Act established the payroll deduction of OASDI and Medicare taxes from employers and employees. Under Chapter 9 of the Internal Revenue Code of 1939 and Subchapters A and B of Chapter 21 of the Internal Revenue Code of 1954, as such codes have been and may from time to time be amended.

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Fiduciaries

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