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LSDefine

Simple English definitions for legal terms

FICA

Read a random definition: recto de rationabili parte

A quick definition of FICA:

Term: FICA

Definition: FICA stands for Federal Insurance Contributions Act. It is a law that requires employers and employees to contribute a portion of their earnings to fund two important programs: Social Security and Medicare. Social Security provides retirement, disability, and survivor benefits to eligible individuals and their families. Medicare provides health insurance to people who are 65 or older, as well as to some younger people with disabilities. FICA helps ensure that these programs have enough money to continue providing benefits to those who need them.

A more thorough explanation:

FICA

FICA stands for Federal Insurance Contributions Act. It is a law that requires employers and employees to contribute a portion of their earnings to fund Social Security and Medicare programs.

For example, if you earn $50,000 per year, your employer will deduct a certain percentage from your paycheck to contribute to Social Security and Medicare. You will also contribute a percentage of your earnings to these programs.

Another example is if you are self-employed, you are responsible for paying both the employer and employee portions of FICA taxes.

FICA is a way to fund important social programs that provide benefits to millions of Americans, such as retirement income and healthcare. The examples illustrate how FICA works in practice, showing how both employees and employers contribute to these programs. It is important to understand FICA and how it affects your earnings and benefits.

fiaunt | fickle-fiduciary rule

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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