What is the FICA Tax and How Does it Connect to Social Security?

If you earn a paycheck in the United States, you've probably seen "FICA" somewhere among the taxes, but might not have known what it means. See: Unclear on Social Security Benefits? These Are the 4

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Solved Paloma Co. has four employees. FICA Social Security

Solved Paloma Co. has four employees. FICA Social Security

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Social Security wage base is $160,200 in 2023, meaning more FICA taxes for higher earners - Don't Mess With Taxes