Скачать или смотреть Why Is FICA Tax Mandatory For Workers?

Ever wondered why a portion of your paycheck always goes towards FICA taxes, and why there's no way around it? This video breaks down the mandatory nature of FICA taxes, explaining its purpose and why every worker must contribute.

In this video, you'll discover:
► FICA stands for Federal Insurance Contributions Act, funding Social Security and Medicare.
► The legal basis for mandatory FICA taxes comes from the Federal Insurance Contributions Act of 1935.
► FICA taxes ensure a safety net for retirement, disability, and healthcare for future generations.
► Both employees and employers contribute to FICA, ensuring a broad funding base for these essential programs.


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