Healthcare Glossary - FEDERAL INSURANCE CONTRIBUTION ACT PAYROLL TAX | HealthPocket

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Glossary

FEDERAL INSURANCE CONTRIBUTION ACT PAYROLL TAX

Medicare's share of FICA is used to fund the HI Trust Fund. In FY 1995, employers and employees each contributed 1.45 percent of taxable wages, with no limitations, to the HI Trust Fund.

 

 

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