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Glossary > F > "Federal Insurance Contributions Act" Definition

Federal Insurance Contributions Act

In the US, the federal law which directs employers to withhold a proportion of employees" salaries for payment to the government in order to provide future pension and other social security benefits.

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Federal Insurance Contributions Act - In the US, the federal law which directs employers to withhold a proportion of employees" salaries for payment to the government in order to provide future pension and other social security benefits.

Federal Insurance Contributions Act : in the us, the federal law which directs employers to withhold a proportion of employees" salaries for payment to the government in order to provide future pension and other social security benefits.