QuestionMay 19, 2025

The letters F.L.C.A.stand for the Federal Insurance Contributions Act. True False

The letters F.L.C.A.stand for the Federal Insurance Contributions Act. True False
The letters F.L.C.A.stand for the Federal Insurance Contributions Act.
True
False

Solution
4.1(159 votes)

Answer

True Explanation The statement is accurate as F.I.C.A. indeed stands for the Federal Insurance Contributions Act, which governs the payroll taxes that fund Social Security and Medicare.

Explanation

The statement is accurate as F.I.C.A. indeed stands for the Federal Insurance Contributions Act, which governs the payroll taxes that fund Social Security and Medicare.<br /><br />
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