FICA

FICA SOCIAL SECURITY TAX

In this case it refers to the EMPLOYER PORTION which is paid as a TAX
ON WAGES for Social Secutity and Medicare. The amount withheld from
the employee, and paid into his Social Security Account is NOT INCLUDED.

The Social Security portion currently has a Maximum earnings limit and rate, which is found
in the FICA MASTER RECORD. The Medicare portion currently has NO MAXIMUM EARNINGS
LIMIT, and the rate is found in the same record.