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University of South Alabama
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Payroll Accounting
Frequently Asked Questions


What are FICA Taxes?
FICA stands for Federal Insurance Contributions Act. FICA taxes consist of two separate taxes. Social Security (6.2%) and Medicare (1.45%). These taxes are paid on wages earned for services performed. Employers withhold and pay their employeesí share of the FICA taxes and also pay the employer share.

University of South Alabama - Mobile Alabama 36688-0002 / 1 (251) 460-6471
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Last date changed: January 26, 2015 3:14 PM

University of South Alabama