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Simple English definitions for legal terms

FICA

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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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@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
All good points
triplethread
11:34
@TheAdoptedOne: amazing
I almost did one for Vanderbilt and my idea was to do a documentary-style vid where I and others talked about me like it was an ESPN 30 for 30.
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