The Traderszone Network

Published in TZ Latest News 28 January, 2017 by The TZ Newswire Staff

What Is the FICA Tax, and Why Do I Have to Pay It?

Paycheck Payroll Job Employed Expense Getty
Image source: Getty Images.

If you’ve ever received a paycheck from your employer, you’ve probably felt a sense of accomplishment and disappointment all at once. The accomplishment comes in the form of the cash that’ll be flowing into your bank account, whereas the disappointment comes from the realization that you may owe quite a bit of tax on the wages you’ve earned.

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