FICA deductions consist of
2 answers:
Medicare Social Security Health Insurance
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Answer: </h2>
Medicare and social security.
Step-by-step explanation:
FICA stands for Federal Insurance Contributions Act. It is a federal tax and a mandatory tax that has to be withheld from each paycheck.
The FICA covers Social Security retirement and Medicare benefits or commonly known as hospital insurance.
The current percent of deductions are 6.2% for Social Security and 1.45% for Medicare, totaling to 7.65%.
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