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    surf66's Avatar
    surf66 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 24, 2008, 11:18 AM
    Ficass tax
    I noticed a box for FICASS taxes and a box for Federal Taxes on wage statement. Please tell me what the Ficass tax is.
    Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 24, 2008, 01:42 PM
    "FICASS" is a combination for FICA and SS.

    FICA stands for Federal Insurance Contribution Act, and represents the combination of Social Security (6.2%) and Medicare (1.45%) which are flat taxes withheld at the rates noted.

    SS is Social Security.
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