Federal Insurance Contributions Act (FICA)

Finance allah shmoop What is fight guy Well there's death

and there are taxes we all pay taxes and if

you don't well then you might be flirting with the

death thing But yeah pretty much everyone pays taxes and

if you accept a paycheck in america someone pays fight

got How does the government know it's going to take

your fi ca well your employer has to withhold it

from your pay He check Pika stands for federal insurance

contributions act and it represents your contribution to medicare and

social security Will fight attacks runs about fifteen point three

percent You pay half and your employer pays half Will

you actually receive the benefit from your contribution Like you

really gonna bet that social security you'll still be around

when you need it Yeah well that's another bala wax 00:00:51.339 --> [endTime] Good luck