CPAdirectory

Payroll Taxes

FICA - Definition

Social Security payroll taxes are collected under authority of the Federal Insurance Contributions Act (FICA). The payroll taxes are sometimes called "FICA taxes". FICA is nothing more than the tax provisions of the Social Security Act, as they appear in the Internal Revenue Code.

Note If you need professional help with "Payroll Taxes" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.