Why FICA is a 4-Letter Word for Small Businesses

FICA is a four-letter acronym — short for Federal Income Protection Act. One of the impacts of this act on small businesses is that it requires that employers withhold (deduct) specific amounts for Social Security and Medicare from their employees’ paychecks. This has to happen every time payroll is processed, which can be a challenge to administer, as we delve into in this article, written for Small Business Bonfire.

Written by Michelle Mire

Formerly Wagepoint's Content Manager, Michelle enjoys simplifying complex payroll topics and creating engaging small business and partner content. When not at the keyboard, she enjoys chocolate, running and quality television (not always in that order).

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