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 Is there a law that actually says we have to pay taxes?
i saw a video of some ex irs agents who quit there job because they discovered there is no law that staes we have to pay income taxes?
is there any truth to this?...


 If my mom claims me as a dependent! Can i claim myself as independent???
hello, everybody i want to know or make sure if i my mom can claim me as a dependent while i claim my self as independent. i'll give some information so you can help me better. i just turned 20 ...


 I want to file for taxes but my mom wants to claim me! can we both file!?
I am a student recieving financial aid, my mom has to claim me but can i file as well!...


 Where can I get a list of houses that are being sold for back taxes (tax liens)?
I am wanting to buy a house that has a tax lien on it so that I can get a large loan and pay a small amount for the house so that I can fix that house up the way that I would like it to be....


 Are stock trading commissions tax deductible?
...


 I'm getting taxed...how do I claim my money back?
I'm 17, a college student, work part-time (15hours week) and I'm getting taxed for some reason. I shouldn't be getting taxed should I? How do I get my money back?...


 Tax rebate question.?
I received a letter about a week and a half ago stating i would recieve my check by friday (june 27) but did not. my last 2 digits of my soc. are 75. has anyone received there payment or are they ...


 Small income?
income £670 per month no savings rent £200 per month.+elec+gas +council tax+food.
i am looking for work but until i get a job am i entitled to benefit's such as housing benefit etc etc in ...


 Stimulus check sigs?
Would a stimulus check require both signatures if the return was filed jointly?

We filed jointly and are now getting divorced- I have been told that he received the check ( it is suppost ...


 Is it OK if my employer does not give payslips?
I have just arrived to the UK and I got a job but am not familiar with the system here. I know taxes will be deducted from my pay. I have not applied for a NI numer yet. Now then, something that ...


 How do I find out if someone is collecting SSDI benefits?
...


 If you receive a salary of $32,000.00 a year, how much is that an hour?
...


 How do you give cash as a gift?
i gace my step mom 500 as a gift how do i do that so i can claim it in tax. i can i gice that cash as a gift
Additional Details
how can i give her the money as a gift so i can claim it ...


 My former employer says i owe them money and wont release my w2s.?
Can they really hold my w2s . Is that ...


 Which bank is better for opening NRI account : Indian Bank or ICICI?
...


 Around this time last year H&R Block offered loans that they take out of your refund.Are they doing that this?
year?I only had to take my check stub in and got a 500.00 loan.I live in ...


 If a credit card has been reported to the IRS for non-payment, can the IRS take my tax-return when I file.?
I have credit cards that are being reported to the IRS for non-payment. When I file for my taxes and get a return back, can the IRS just take that money and apply it toward my credit card debt.
<...


 I pay my friend to watch my son and I pay her everyweek, how do I write that off?
I pay her in cash, how do we claim that on taxes? do we need documentation? She is just a family friend, she doesn't have a special licencing for it....


 Inherited and sold a house, do I pay income tax on this?
A computerless friend of mine lost her parents this year and inherited her parents house throught a pre-signed quit claim deed. She has since sold the house and banked the money. Does she have to ...


 Employer of 6 months has not paid tax to IRS, though they withheld it from me. Who is responsible to pay?
It's a new company and it was recently discovered they did not pay the IRS the taxes they withheld from all employees paychecks. Unfortunately, we have not been receiving pay stubs (I have 3 or 4...



alopes782
What is 'fica' on your paycheck?
                     
 




phall257
FICA is a combination of SS and Medicare. You pay 6.2% in Social Security and 1.45% to Medicare. Your Employer also matches this amount, which you will not see on your paycheck. You can't collect this money until you are 62 or disabled (if ever the way things are going) But some state governments slow you to take a deduction for the amounts paid on your income tax return. For instance, MA allows up to a $2000 for amounts you paid.

On a side note, for 2006, employers may only wit hold SS on $94,200 worth of income, for a total of $5840.40 of withholding. Medicare is wit held on all income, regardless.

Also, if you have excess SS withholding (say from having 2 jobs) you will receive a credit on your Income Tax Return for the overpayment.

Hope this helps


S D Modiano
Money that was conficated for the gov't-approved/mandated Ponzi scam -- best known as Social Security.

If ANY private company managed the money the way the gov't does, the executives would all be convicted of Federal crimes and sent to prison for long terms. Uncle Sam is always looking out for your best interests.

``God bless America?'' Yeah, RIGHT!


jayndee13
Rating
ITS ACTUALLY COMBINATION OF SOCIAL SECURITY AND MEDICARE TAX. YOU WILL NOT SEE THAT MONEY TIL RETIREMENT, KISS IT BYE BYE.


jseah114
FICA is social security taxes.....6.2% of your salary.


Judy1
Social security, which is for retirement payments, or disability until you're retirement age.

FICA also includes payments for your eventual medicare.


Jill&Justin
Rating
Social Security


Justine Kaley
Rating
FICA is your payment to Social Security remember when you get old the Social Security Department checks out how much income you earned in your life time and bases that on how much you get paid. That FICA you pay is taxes that is sent to the Social Security Department everyone pays it.


GJfromfla
Social Security withholding.


James B
Federal income taxes.


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