Federal Insurance Contributions Act taxes
E5806
Federal Insurance Contributions Act taxes are U.S. payroll taxes imposed on employers and employees to finance Social Security and Medicare programs.
All labels observed (14)
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal tax
ⓘ
payroll tax ⓘ |
| administeredBy | Internal Revenue Service ⓘ |
| affects |
Medicare entitlement
ⓘ
Social Security benefit amount ⓘ Social Security benefit eligibility ⓘ |
| alsoKnownAs |
Federal Insurance Contributions Act taxes
ⓘ
surface form:
FICA taxes
|
| appliesTo |
both full-time and part-time employees
ⓘ
employees ⓘ employers ⓘ most wage and salary income in covered employment ⓘ |
| collectedThrough | payroll withholding ⓘ |
| component |
Medicare tax
ⓘ
Federal Insurance Contributions Act taxes self-linksurface differs ⓘ
surface form:
Social Security tax
|
| country |
United States of America
ⓘ
surface form:
United States
|
| employerObligation |
pay matching employer share
ⓘ
withhold employee share from wages ⓘ |
| enforcedBy | Internal Revenue Service ⓘ |
| exemptionsInclude |
certain nonresident aliens
ⓘ
certain state and local government employees ⓘ some student employees ⓘ |
| funds |
Hospital Insurance
ⓘ
United States Social Security system ⓘ
surface form:
Old-Age, Survivors, and Disability Insurance
|
| hasCategory |
earmarked tax
ⓘ
social insurance tax ⓘ |
| hasFeature |
Social Security wage base limit
ⓘ
no wage base limit for Medicare portion ⓘ |
| hasRateType | flat rate ⓘ |
| introducedFor | funding Social Security benefits ⓘ |
| isNotDirectlyFiledBy | employee ⓘ |
| isPartOf |
United States Medicare financing
ⓘ
United States Social Security system financing ⓘ |
| isWithheldBy | employer ⓘ |
| laterExtendedTo | funding Medicare benefits ⓘ |
| legalBasis |
Federal Insurance Contributions Act taxes
self-linksurface differs
ⓘ
surface form:
Federal Insurance Contributions Act
|
| purpose |
to finance Medicare program
ⓘ
to finance Social Security program ⓘ |
| relatedTo |
Federal Insurance Contributions Act taxes
self-linksurface differs
ⓘ
surface form:
Self-Employment Contributions Act tax
|
| reportedByEmployersOn | Form 941 ⓘ |
| reportedOn | Form W-2 ⓘ |
| revenueUse |
trust funds for Medicare
ⓘ
trust funds for Social Security ⓘ |
| subjectTo | federal law ⓘ |
| taxBase |
certain other compensation
ⓘ
salaries ⓘ wages ⓘ |
Referenced by (20)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Self-Employment Contributions Act taxes
Federal Insurance Contributions Act taxes
→
alsoKnownAs
→
Federal Insurance Contributions Act taxes
ⓘ
this entity surface form:
FICA taxes
Federal Insurance Contributions Act taxes
→
legalBasis
→
Federal Insurance Contributions Act taxes
self-linksurface differs
ⓘ
this entity surface form:
Federal Insurance Contributions Act
Federal Insurance Contributions Act taxes
→
component
→
Federal Insurance Contributions Act taxes
self-linksurface differs
ⓘ
this entity surface form:
Social Security tax
Federal Insurance Contributions Act taxes
→
relatedTo
→
Federal Insurance Contributions Act taxes
self-linksurface differs
ⓘ
this entity surface form:
Self-Employment Contributions Act tax
this entity surface form:
Self-Employment Contributions Act taxes
this entity surface form:
Federal Insurance Contributions Act payroll taxes
this entity surface form:
Self-Employment Contributions Act taxes
this entity surface form:
Social Security payroll taxes
this entity surface form:
Old-Age, Survivors, and Disability Insurance tax
this entity surface form:
Medicare payroll tax
this entity surface form:
Additional Medicare tax
this entity surface form:
Federal Insurance Contributions Act
this entity surface form:
Medicare payroll tax
subject surface form:
Helvering v. Davis
this entity surface form:
Social Security Act payroll tax
subject surface form:
Supplemental Security Income
this entity surface form:
Social Security payroll taxes
this entity surface form:
Medicare payroll taxes
this entity surface form:
Federal Insurance Contributions Act (FICA) tax structure