Federal Insurance Contributions Act taxes

E5806

United States federal tax payroll tax

Federal Insurance Contributions Act taxes are U.S. payroll taxes imposed on employers and employees to finance Social Security and Medicare programs.

Aliases (11)

Self-Employment Contributions Act taxes ×3
Federal Insurance Contributions Act ×2
Medicare payroll tax ×2
Social Security payroll taxes ×2
Additional Medicare tax ×1
FICA taxes ×1
Federal Insurance Contributions Act payroll taxes ×1
Old-Age, Survivors, and Disability Insurance tax ×1
Self-Employment Contributions Act tax ×1
Social Security Act payroll tax ×1
Social Security tax ×1

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	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 → Social Security tax →
country	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 → 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 →
purpose	to finance Medicare program → to finance Social Security program →
relatedTo	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 (17)

Subject (surface form when different)	Predicate
SSA ("Self-Employment Contributions Act taxes") → Social Security Disability Insurance ("Federal Insurance Contributions Act payroll taxes") → Social Security Disability Insurance ("Self-Employment Contributions Act taxes") →	fundingSource
Federal Insurance Contributions Act taxes ("Self-Employment Contributions Act tax") → Form 941 ("Federal Insurance Contributions Act") → Form 941 ("Medicare payroll tax") →	relatedTo
Social Security wage base limit ("Medicare payroll tax") → Social Security wage base limit ("Additional Medicare tax") →	doesNotApplyTo
Supplemental Security Income ("Social Security payroll taxes") → Supplemental Security Income ("Social Security payroll taxes") →	notFundedBy
Federal Insurance Contributions Act taxes ("FICA taxes") →	alsoKnownAs
Social Security wage base limit ("Old-Age, Survivors, and Disability Insurance tax") →	appliesTo
Federal Insurance Contributions Act taxes ("Social Security tax") →	component
Old-Age Reserve Account →	fundedBy
Social Security Administration ("Self-Employment Contributions Act taxes") →	isFinancedBy
Federal Insurance Contributions Act taxes ("Federal Insurance Contributions Act") →	legalBasis
Helvering v. Davis ("Social Security Act payroll tax") →	legalSubject