FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to ...

Two of the largest pieces of the federal budget — accounting for over a third of total federal spending — are Medicare/Medicaid and Social Security. These two programs represent an essential safety ...

IRS regulations require that Social Security and Medicare withholding (FICA) be deducted from all student paychecks when the student is NOT enrolled with a minimum of six (6) credit hours for the ...

Compensation is generally subject to federal income tax and FICA tax when compensation is actually paid to an employee. However, nonqualified deferred compensation (NQDC) may be subject to FICA ...

Employees at U.S. businesses are required to pay what are known as FICA taxes, often referred to as payroll taxes. Your FICA taxes impact your final net pay and are determined by the amount of your ...

New employees must complete both Form W-4 (Employee’s Withholding Allowance Certificate) and Form VA-4 (Employee’s Virginia Income Tax Withholding Exemption Certificate) online in Workday. If no form ...

ny cash or noncash remuneration received for employment, unless specifically exempt, is considered wages subject to the FICA tax. FICA wages can include amounts received by the employee after the ...